RE: Watchlist - Investor method
I highlighted China Ming Yang Wind Power (MY) back in September when it was in Stage 1B, just before it broke out into Stage 2A http://stageanalysis.net/forum/showthrea...87#pid1687
Since then it had a 50+% move on heavy volume to a high of 3.52 and has pulled back to retest the breakout level on lighter volume than the breakout volume. However, it was still significantly higher volume than during the Stage 1 range.
Yesterday it made a higher daily close following a retest of the breakout level last Friday and so is at the potential secondary investor entry point imo. The percentage moves in MY are huge, with a 20 day average true range of 9.3%, so if anyone does attempt to trade it, then they should be aware of this with their risk management and position sizing imo. Attached is the charts.
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.