RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-07-02, 08:38 PM)pcabc Wrote: With respect to CYAN.L I would imagine it being best to await a pullback? From experience I'd think that putting in a buy now would result in a stock that either dropped or moved sideways for some time. OTOH volume looks like it is still increasing.
That's what I said on the chart I thought. When a stock bypasses Stage 1 like it has with an explosive move, it will often form a higher base over time, which will then become the Stage 1 base.
Remember, stocks on the watchlist are not buy or sell recommendations. Just highlights of the most interesting movement with regards to the methods rules.
Take FOLD for example, which I first highlighted on 3rd June when it was in Stage 1 here: http://stageanalysis.net/forum/showthrea...67#pid4567 which I then highlighted again yesterday as it had broken out in Stage 2A while I was away. So someone interested in that from the first post could have set an price alert and waited until the Stage 2A entry point and gotten in on Monday at around 3.34 near the close, which was almost a month after the initial post highlighting it's movement in Stage 1.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.