RE: Stage Analysis Beginners Questions
(2020-05-24, 09:22 PM)isatrader Wrote:(2020-05-24, 07:29 PM)Bob hope Wrote: Hoping for some guidance, looking at EOLS and the last four hours on friday jumped 4 to 6 and then back to 4.5, day to higher but that large increase and decrease is that a concern? I was hoping to trade in at 4.48 with a stop loss at 3.60, this is little higher risk at 20% than I would perfer. But volume is x10 weekly average, just broke above resistance, rs rising all though just belwo zero. Any help would be appreciated. Kind regards
This is not the kind of stock that we trade with Stage Analysis method as it's breaks a number of the methods fundamental rules. As it's in a deep Stage 4 decline, with terrible Relative Strength versus the S&P 500, and under a huge amount of Resistance. So it's literally the opposite of what we look for.
Thank you for the reply, also shows I need to learn aot more.