[briansmith456]

So in my opinion the Stage 2A breakout point was back in mid April, when it broke out from the the small raised Stage 1 base and moved through the cloud resistance zone. So the issue that I'd have with it at the current point is that it's extended from a level of support now as it's 3 times it's 52 week average true range (ATR) above it's simple 30 week moving average, and the most recent area of support. So the investor stop loss position would be quite extended if you bought at 8.32, so ideally you'd want it consolidate further and form a higher swing low before making that breakout, and giving the 30 week MA a chance to catch up. As distance to the stop loss position is a key consideration for any trade that you want to make, as you should never enter when it's extended from that point imo.

Can you please clarify, roughly, what is the MAXIMUM % away from the 30 ema that one should be on the weekly chart if buying a stock so as to not be too extended? I understand ideally you would want to buy right around the 30 EMA as the entry.

You note "stock is now extended "3 times it's 52 week average true range (ATR)"
What parameter (standard setting is 14) must I set the ATR indicator on the weekly chart to know that price is now 3 times 52 week avg ATR? Ie. how did you determine price is now 3 ties 52 week avg ATR? I have never  used the ATR before.

I have attached the chart showing weekly  ATR (setting at 14) but do not understand how to use it  to determine that price is now 3 times avg. 52 week ATR.

Thanks,
Brian