[marry123]

Hi,
I was wondering if this would be a proper breakout candidate meeting the stage analysis criteria? I understand one should not buy it even if it is a good breakout candidate because the overall market (TSX) is still in stage 4, so this is a purely educational question.

CTC.TO (a Canadian retail chain) has broken its trendline on above average volume 2 weeks ago and price is above the SPX price line. However, I am not clear as to whether the 30 MA is still considered to be in a downtrend even though last week it seems to have started to curl up a bit. If this is not a breakout candidate what would I need to see to go long (if the TSX had not been in stage 4)?

Thanks for your thoughts.