RE: Beginners Questions
(2014-12-06, 01:15 AM)isatrader Wrote: ...but if you follow the key components like laid out the breakout quality checklist here: http://stageanalysis.net/forum/showthrea...27#pid5227 - such as a minimum of 3x average daily volume on the breakout day, a strongly rising 30 week moving average, price moving to new 50 day highs, strong relative performance and no near term resistance etc. Then you will increase your probabilities.
Isatrader, maybe I missed this previously, but it is the first time I have seen a mention of 50 day highs. Was this meant to be 52 week highs? Of did you mean 50 day highs in terms of no near term resistance to overcome?