[pcabc]

Other than being just above the 30 week it's 14% below it's February high. The 10 week MA is below the 30 week MA. We can't assess the volume until it makes a new breakout attempt above the recent high, as the volume requirement is for the Stage 2 breakout week and after. Relative performance might be above the zero line, but as with price it's below the recent highs. See the marked up chart on the previous page.

IMG.TO - Stage 4
WDO.TO - Stage 2 continuation attempt, average volume
ASR.TO - Stage 2 continuation attempt, no volume increase
COP.TO - Early Stage 2. Breaking down back towards 30 week MA

Thank you for the good explanation.

What about K.TO? It recently broke the March and April resistance and on its way to the big February one.

I'm seeing the same thing with ROXG

I looked at your checklist and I think it meets all requirements except 3.B) Do you agree?

My thoughts for what they are worth, is that you could draw the trendline, as shown and wait for it to breach that:
   
However, you could also argue that there is resistance all the way up to 6 perhaps?  Irrespective you'd want compelling volume which is not there yet.

I'd take my view with a pinch of salt until my performance improves however.