[malaguti]

I know it's confusing but CPL is in Utilities (according to yahoo finance), which is a good performing sector right now.

I do not pay attention to whether it's a daily or weekly chart, maybe I should. I don't remember reading about this in Stan's book, I will check it out.

The breakout point I'm referring to is around 15, right when there was a huge volume spike in june.

The potential resistances will be 17 and 18 but I don't think they are very strong resistances since there is not many people who bought at these prices, the recent volume spikes should be enough to propel the share price above these two resistances.

If I buy this stock right now, my stop loss would be at the lowest recent support (which is 14) because if the stock breaks that support there are not many lower supports for the stock to rebound on.

I hope that makes sense.

ok, page 34 talks about when to buy. a breakout is not a breakout on volume. volume should be confirming "the breakout". so you need to learn the ideal time to entry. pages 34 and chapter 3. I'd go over these again and look at the section which ISA's put together
https://stageanalysis.net/forum/forumdisplay.php?fid=4

all the way through the book he refers to a 30week sma. this is admittedly personal preference but if you're new, i'd be looking at weekly

so potential resistance at 17/18 and stop loss at 14 not good odds. you have no idea whether potential resistance could be strong or not, but given that the point at 18 has been most recently a few weeks ago and then previously in september i'd probably say it could be one to watch

and yes its the utilities sector..so now apply the same criteria to all the others, however i would really look at the book again and rather than look at buying any, use it as an opportunity to learn the method. 


happy to help for the others