RE: US Stocks - Watchlist and Discussion
(2015-01-12, 12:23 PM)Amedee Wrote: Am I correct in saying?
- CLDX = stage 1B
- AMED = stage 2
- TSRO = stage 2
- INFI = stage 1B
CLDX made an early Stage 2A breakout into strong resistance in November, and immediately pulled back and has consolidated around the breakout level. So technically in early Stage 2A, but as the breakout immediately pulled back and it's still in the resistance zone, then a 1B rating would be more appropriate imo, as it needs to clear the November high before it's more interesting.
AMED is Stage 2, whereas TSRO is only a month or so since it's Stage 2A breakout, and it's hasn't had it's first significant pullback yet. So I'd class it as still in Stage 2A.
INFI I'd say had a failed Stage 2A breakout attempt at the start of December and has made lowers highs since on the weekly. So I'd put it as back in Stage 1 currently, but would upgrade it to Stage 1B when it turns up again within the range.
Also, just a note. But when you post a quote from a previous post, you need to include the closing [/quote] tag at the end of the quote. So make sure you don't delete that, as you have in a few posts.
I hope that helps
isatrader
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.
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.