RE: Stage Analysis Beginners Questions
(2020-05-10, 12:54 PM)malaguti Wrote:(2020-05-10, 12:42 PM)Joe725 Wrote: I have a question, i've just see the weekly breakout watchlist that contains BYND. I am already long on BYND with a small amount invested when it was at $90. Is now the time to buy more on Monday? I'm looking at the chart the volume is really good, it's very close to breaking the short term overhead resistance?
Or is my buy-in solely dependant on if it can break above the $135.
You would only be adding more if it got past 135, its still in stage 1 with resistance right overhead at 135 but considering the weekly cloud at 142 looks pretty strong. Weinstein talks about a zone, rather than a hard and fast one level
so your resistance "zone" is 135 to 142. get past 142 and that personally is where i'd be looking to add to a position
Thanks! I'll keep it in on my wathclist!