[marry123]

Hi Isa,
I was hoping you could comment on proper entry point long for QTRH.TO. 
I am confused as to what resistance level it would need to break out over (it seems to have been basing for about 3 years now if not longer and 30 SMA is rising on the weekly) for proper entry into stage 2 breakout phase.

Thank you.

It seems to me as though you had the initial stage 2a entry at where i've drawn the red line
this was confirmed with a cross of the blue line
price action has recently moved into stage 3 and now back into a stage 2 continuation pattern at the green line
horrible price action, especially historically..you really want to be careful of its volatility
i normally shy away from price action that historically has not really conformed the stage analysis principle. ie the 30week MA seems to hold no weight in terms of support which you tend to expect. with prices seemingly brush aside the ma with very large swings into stage 1 and stage 3

thats my take on this one

Thanks, Malaguti for pointing this out. It is helpful to know the proper break out point based on stage analysis was your blue line and not higher from where I was now expecting. Given the stage 2a entry was above your blue line, yes it does seem a mess of a chart given how now the price is swinging above and below the 30 ma now with no support at the 30 ma as one would need to see. I will look for others (I appreciate your input).