RE: Stage Analysis Beginners Questions
(2020-09-02, 01:48 PM)malaguti Wrote:(2020-08-27, 01:28 PM)ianbate222 Wrote: Hi Isa,
I am touching base about RY which you commented on twitter in a reply to my post to you.
You noted a week back it is early stage 1 but I was wondering if it could break above the 2020 high of 80.74 and still not show a buy trigger based on stage analysis unless price breaks above the RS line and big volume comes in?
I also want to point out that the site nextbigtrade screener shows RY is in stage 2 for 4 weeks now so clearly that is not correct so I am following your methodology to determine entries which is why RY is still not a buy.
Thanks for your thoughts,
Ian
NextBigTrade just uses emas to calculate the stages
if 7ema is above 15 and 30ema, thats stage 2
if 30 is greater than 15 and 7, then stage 4
Thanks for the explanation.