[isatrader]

Please could I check whether you would short this stock chart based on the stage analysis method?

1. This stock is in stage four decline
   
2. It's relative strength is weak relative to the overall index
   
3. Volume on pullback was weak (although last week's volume was high)
   

Any thoughts?

The volume on last weeks reversal was very strong in comparison to the down volume during the Stage 4 decline, which is the opposite to what the method looks for, and it closed back above the 10 week MA. So it would not meet the methods requirements currently imo as it is showing some very early signs of basing, but would become more interesting if the volume on the down days increased significantly.