(This post was last modified: 2015-04-04, 12:21 AM by Tryst.)
RE: UK Stocks - Watchlist and Discussion (Premium)
(2015-03-30, 08:13 PM)isatrader Wrote: PRV.L (Stage 1)
Hi all, and happy Easter.
Just looking at this one (PRV) where it is forming the tail end (potentially) of a stage 1 base. However, if on the weekly chart you zoom out to around early 2011, you will see that this could also represent a stage 3 (from mid 2013 until now) as it has also formed a previous stage 1 base around late 2011. If you look at the monthly chart, the 30 ma is still rising. I believe we may have touched on this before, or something similar.
Is there any documented examples, on this site, or by Stan or anyone else (covering staged analysis) that covers the numerous full stage cycles that companies can go through during an equities bull (or bear) market. As looking at PRV here we can see from your example that it is again in a stage 1 but this time almost 200% higher that its last stage 1 base/breakout area.
Thanks in advance