$GOGO gapping up to make a Stage 2 breakout attempt on exceptionally strong relative volume today of +3801% vs 50-day average volume. So will be watching how it closes and then how it acts in the following day around the gap bar
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.
(2021-09-21, 10:44 AM)isatrader Wrote: Reviewing yesterdays spring type action scan results.
Of the 105 results:
3 are below yesterdays low
103 are above yesterdays low
36 are below yesterdays close
69 are above yesterdays close
67 are below yesterdays high
38 are above yesterdays high
So the majority have held up so far and 36% are above yesterdays high while only 3% are below yesterdays low.
Will review again later after the close
Revisiting last Mondays spring type action scan results
Of the 105 results:
29 are below Swing low
76 are above Swing low (72.3%)
43 are below Swing close
62 are above Swing close (59%)
47 are below Swing high
58 are above Swing high (55.2%)
So more than 2/3rds are above the Swing low still. Hence so far this still resembles testing behaviour imo, as most of the stocks that made a spring low last Monday are still above it.
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.
(2021-09-28, 01:39 PM)isatrader Wrote: $DATS showing excellent RS today and the second significant 2 hr bar since the base breakout. Have raised my stop to BE and looking to add on the next pullback if constructive and on lower volume.
$DATS still running higher so far today with a third significant bar on the 2 hour chart, so raising my alert under that at 14.5 to get notified if it starts pulling back heavy, but keeping my stop well away at the moment until it forms the next range.
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.
(2021-09-26, 03:28 PM)isatrader Wrote: MDB had a high volume Stage 2 breakout 4 weeks ago and has been shown multiple times in the watchlist. But I wanted to highlight the four weeks of tight price action visible on the weekly chart as it's consolidated around the significant bar from the Stage 2 breakout move.
$MDB intraday range may be potentially at Phase C. So watching for any spring type action if the market strengthens. The pullback to the lower end of the range has been on diminishing volume so far
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.
