[isatrader]

First post with chart. Cancer Genetics. Also some recent insider buying.

My issue with this stock is the huge amount of resistance that it is under, and the relative performance is below a declinign zero line, so breaks a number of the requirements of the method. It might do great, but isn't a suitable pick under the methods rules.

An easy visual clue of resistance is the very steep declining MAs on the daily chart. As on or near a Stage 2A breakout they should be rising strongly and the price should be near the top of the daily chart. Or another method that I like to use is the Weekly Ichimoku Cloud. The best quality A+ breakouts virtually always happen above the Weekly Ichimoku Cloud, which as you'll see on the attached chart is a long way off with this stock.

I'd recommend looking at the Stage Analysis Study Guide - Questions and Answers thread here: http://stageanalysis.net/forum/showthread.php?tid=47