(This post was last modified: 2019-06-30, 08:01 PM by malaguti.
Edit Reason: resistance
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RE: Stage Analysis Beginners Questions-MAI.V
(2019-06-30, 07:32 PM)briansmith456 Wrote: This mining stock has had massive volume. It is not too extended from the 30 ema (30 ema, 30 sma and 10 sma are turning up on weekly chart). I would look to buy if it breaks above 0.14 cents (right above the top of the cloud).
Price line is greater than SPX so it looks like this one is breaking out if I am not mistaken?
Thanks for pointing out any red flags or incorrect assumptions on my part. One of these days I hope to post a chart that is indeed worthy of a Stan Weinstein entry long.
Brian
A very good pick in my opinion. I'd argue it has already entered stage 2
if you wait for a break of the cloud, you are waiting for a further 16% advance in price. if the sector is strong I'd be looking for it to close above 0.12
you could always enter half and then wait for a pullback and further break above the cloud. just a suggestion, but well done for a good example
the only negatives, are the multiple resistance points along the way.
0.16 looks rather ominous