[isatrader]

Thank you for the answer. So do you think this is better pick?

http://take.ms/15lQ6

Is my setup correct?

It is more advanced in Stage 2, as it's already been in Stage 2 for around six months, and is currently on it's second significant pullback. It had a modest improvement in volume on it's initial advance, but not the kind of mega volume that we really want to see. So it's a reasonable Stage 2 stock, but certainly not an A+ candidate from it's initial advance.

You chart setup looks a little bit long for a weekly chart setup. Consider cutting it down to around a max of 3 years in view, so that you focus on the more relevant support and resistance, and also consider using a logarithmic scale, so that you can see the movements within Stage 1 clearly. The chart settings that we use on here can be found in the first post of the Stage Analysis Study Guide thread.

For longer term charts, I'd recommend using the same settings as the weekly on a monthly chart, as you want to see progression through the various timescales. i.e. A Stage 2A breakout on the weekly chart should be accompanied by the stock at least moving above it's 30 month MA on the monthly chart and hence into early Stage 1A on the monthly time frame, and a Stage 2 continuation breakout to new 52 week highs on the daily chart. So improvement on multiple timeframes is required.