(2014-02-18, 11:12 AM)isatrader Wrote: I thought it would be helpful to members to do some quiz questions occasionally, and so as I have a bit of time I've attached is a mystery chart with a set of questions for you to answer.
- What is the Stage of this stock?
- Is price above a flat or rising 30 week MA?
- What is the volume doing?
- Is the relative performance versus the S&P 500 above or below the zero line?
- Is the relative performance zero line itself down, flattening or rising?
- Is there significant near term resistance?
- Would you buy this stock?
- I've also included the Sector chart and the S&P 500 at the time, so that you can evaluate their Stages also to complete the analysis.
Isatrader,
1: Stage 2A
2: Rising 30W ma.
3: Volume looks to be almost double its ma.
4 & 5: Relative performance is above the 0 line and rising.
6: resistance is about $4.75
7: I would buy once the price exceeds the $4.75 pivot point as long as the volume continued to increase, this would also put it at new 52 week high.
I've had my best luck with 52 week and all time highs.
Both the sector and market are rising.
acito616
(2014-02-18, 02:07 PM)acito616 Wrote:(2014-02-18, 11:12 AM)isatrader Wrote: I thought it would be helpful to members to do some quiz questions occasionally, and so as I have a bit of time I've attached is a mystery chart with a set of questions for you to answer.
- What is the Stage of this stock?
- Is price above a flat or rising 30 week MA?
- What is the volume doing?
- Is the relative performance versus the S&P 500 above or below the zero line?
- Is the relative performance zero line itself down, flattening or rising?
- Is there significant near term resistance?
- Would you buy this stock?
- I've also included the Sector chart and the S&P 500 at the time, so that you can evaluate their Stages also to complete the analysis.
Isatrader,
1: Stage 2A
2: Rising 30W ma.
3: Volume looks to be almost double its ma.
4 & 5: Relative performance is above the 0 line and rising.
6: resistance is about $4.75
7: I would buy once the price exceeds the $4.75 pivot point as long as the volume continued to increase, this would also put it at new 52 week high.
I've had my best luck with 52 week and all time highs.
Both the sector and market are rising.
acito616
Also, once it exceeded its pivot point I would call it a stage 2.