[isatrader]

Cy breaking out today (high $16.25) with high weekly volume... Stage 2B continuation buy I assume...

Stage 2B is when a stock has been in Stage 2 for a long while, and is getting late in the uptrend. This is only the first Stage 2 continuation breakout for CY since it's initial Stage 2A breakout in December, and so it's only just moving into the normal Stage 2 advance phase, and hence could have many more consolidations and Stage 2 continuation breakouts and so wouldn't be considered Stage 2B for a long while yet imo.

See the attached example diagram which gives my estimation on the Stage 2 sub stages. i.e. at least two significant continuation breakouts before it becomes Stage 2B, which is normally at least six months or much more in many cases, as the initial Stage 2A breakout and pullback can take that long in a lot of stocks, which is why short term traders should focus more on early Stage 2 continuation breakouts, as the opportunity costs for them holding onto stocks in early Stage 2A can be too high. Whereas investors are in it for the longer haul and so can afford to be more patient.