[isatrader]

Isatrader, you are right. I did miss the near term resistance. About the 30 week MA, isn't it supposed to be Weighted MA as opposed to simple MA? I am looking at the ETAK chart in TD ameritrade charting and the WMA (30) has been going up since last three weeks.

No, the 30 week simple MA should be used when defining a Stage 2A breakout, as if that hasn't flattened or turned up on the breakout, then the stock is still in Stage 1 until it does. However, the 30 week weighted MA is very useful for identifying Stage 1, as the initial turn up on the weighted MA normally coincides with the first confirmation that a stock is in fact forming a Stage 1 base, and not just a Stage 4 consolidation pattern.