[isatrader]

STN.TO (attached) has broken out of a 6 year base recently so looks like it would be a buy above 42.39 (recent high). Anything wrong that you can find with this stock in terms of a proper entry above recent highs?  Also attached a 2 hr chart. Thank you.

The breakout from the massive six year range in November is a good sign long term for this imo, as is a big base, so has potential for a strong Stage 2 advance. I can see a bit of an inverse head and shoulders pattern on the daily chart. But the breakout attempt today occurred on under average volume and the relative strength versus the S&P 500 didn't make a new high either, so you would need to see some follow through tomorrow with increased volume imo. As volume pickup and relative strength at new highs is always present in the best breakouts.