(This post was last modified: 2016-04-20, 05:28 PM by UnschoolDag.)
RE: US Stocks - Watchlist and Discussion
(2016-04-19, 05:42 PM)isatrader Wrote:(2016-04-19, 04:49 PM)UnschoolDag Wrote:(2016-04-11, 03:19 PM)isatrader Wrote: Silver (SLV) is near the top of the developing Stage 1 range again, so watch for a potential Stage 2A breakout attempt.
Has this broken out, yet, in your opinion?
Yep, has moved into Stage 2A, and had a strong 5% move higher today. I went long physical Silver on the 13th April on the breakout above the handle - see my trading journal http://stageanalysis.net/forum/showthrea...81#pid9881
Thank you. I am a little confused as to why we call it a breakout when the stock/EFT has crossed the SMA 200 a while back. Per the Weinstein book, the breakout happens when the stock crosses the SMA 200 (he calls it 30 weeks) supported by lots of volume.