[theory6453]

A few longer term monthly charts for the watchlist - DEPO, BWEN, MLNK

It looks like BWEN could be setting up to be a monster. 50% move the week before Xmas and it looks like it's about to breakout over its October high. No overhead resistance and a LOT of room to run imo.

   

[Lplate]

Because of the resistance at 2.1 GBPNZD is not ideal, but I include it as a forex example which may be of interest. http://tinyurl.com/pfq8pf2 (NB dates may need adjusting

[isatrader]

JST is attempting to make a Stage 2 continuation move on good volume today. Relative performance is strong and also JST is attempting a longer term monthly Stage 2A breakout also. Attached is the charts.

[isatrader]

INO - Potential Stage 2 continuation move if it can clear the recent highs. It had strong volume on the initial Stage 2 advance through the summer and the relative performance versus the S&P 500 is strongest it’s been for five years. Attached are the weekly and monthly charts.

[isatrader]

SCHN - Potential Stage 2 continuation above two year resistance. Volume is light so far but relative performance versus the S&P 500 is above a flattening zero line, so it has potential as the steel sector has had strong relative strength of late. Attached are the charts.

[isatrader]

BORN - Potential Stage 2 continuation move with strong volume and relative performance versus the S&P 500. Strong volume pickup the last three months. Attached are the charts.

[isatrader]

CVV - Potential Stage 2 continuation move, strong relative performance and volume.

[isatrader]

I highlighted BSQR a few weeks ago on the thread http://stageanalysis.net/forum/showthrea...62#pid2462 and today it made a strong move up with more than the average weekly volume in a single day towards a potential 1st Stage 2 continuation breakout. Relative performance has moved above the zero line and it's cleared the majority of resistance and could close the month back above the 30 month MA for the first time in many years. Attached are the charts.