[isatrader]

REN - Stage 1 base has been developing since the Aug 2015 low, and now there's potential for a Stage 2A breakout attempt. One to watch imo, as has a big base, and energy is a strengthening sector.

REN - one of my best watchlist picks of the last few months http://stageanalysis.net/forum/showthrea...0#pid10310 has been pulling back following it's one week 100%+ move to make the Stage 2A breakout. It's pulled back around 30% from the highs of the breakout week, which if you go down to the intraday 2 hour chart (attached below), it shows as a mini Stage 4, and is now showing signs of potentially moving into Stage 1A on the 2 hour chart. And hence, is potentially in the investor B entry point zone imo. As the pullback has been on much lower volume than the breakout, which is one of the key attributes that we look for in the initial pullback using the investor method.

The investor B entry point is always tricky to judge, as you are trying to judge whether the pullback is over, or whether it has another leg lower still. So personally, I prefer to use Stage Analysis on the 2 hour chart to help judge this, and simply wait for the Stage 2A breakout to occur on that timescale, using all the same settings as the weekly chart. As although you potentially buy a little bit higher by waiting for the intraday breakout level to be breached. It does give you some protection from getting in too early, and having to wait through another leg down of the pullback and potentially getting stopped out.