[arkyuan]

ATTU was highlighted in the watchlist thread just over a week ago on the Tuesday that it made it's Stage 2A breakout attempt

I wanted to post this marked up chart as I thought it was a good example for people learning the methods Stage 2A entry point, and what it looks like when a stock makes a Stage 2A breakout attempt early in the week like it did. As most of the time, to get in at the correct entry point like this, you have to make a judgement based on the stocks daily volume increase on the breakout and the daily closing position on the breakout day, and whether if you extrapolate that volume forward to the end of the week it will meet the 2x requirement.

So in this example the daily volume was three times the daily average (I use the 200 day moving average on the daily volume) on the breakout day, which was a Tuesday, and the weekly volume was around 1x the weekly average. So based on the volume increase on the breakout, and the fact that it had already made 1x the weekly average by the Tuesday, the assumption would be that it would be able to meet it's 2x requirement by the end of the week. So the entry would be made on the assumption of the requirement being met, but then if it wasn't it would be exited at the end of the week.

In this case, it was, and then it has followed through this week with increasing volume, which is what the method looks for after the breakout. So I thought this was a good example to show.

Hi Isatrader,
  Thanks for the example, what about pullback? is there any good pullback examples?
thanks,
Regards,
Ark,