[isatrader]

Isatrader, are you able to give me your stage analysis views on COP.L. It looks like it is in a stage 1b which could potentially move into stage 2a very soon.

I'd say it's in Stage 2A since the start of the year, as it formed a higher Stage 1 base when it broke out into some near term resistance in the middle of 2013, and then the relative performance caught up and it broke out with volume and a strong move above a rising zero line in January. And so a breakout above the January highs would be the first continuation imo, but you could also argue that it would be the second continuation and the Stage 2A was the earlier breakout, but the weak relative performance and declining 30 week MA and strong near term resistance, would mean a more conservative rating imo, and hence why I'd say the later breakout was the Stage 2A.

Attached is my chart, which I've done in my other software as prorealtime had a spike in it's data on one day which was distorting the chart.