RE: Stage Analysis Beginners Questions
(2020-09-20, 12:24 PM)ianbate222 Wrote: I was hoping that you could take a quick look at bus.v on the Toronto venture exchange. It is Grande West Transportation.
I believe the stage 2 breakout price is over 0.75 but just want to confirm. It would need high volume ( currently 30 ma is still declining). I would post a chart but having problems on my end so it has nothing to do with your system.
The recent lower high at 0.66 would be the new level for the top of Stage 1 base. But is still a long way to get there, and this one had a very large decline of over 90% of its value. So you'd want a much bigger base ideally and exceptional volume as it's a really big laggard. Hence, I'd put it on a watchlist with an alert, but otherwise you'd just check it in a few months or so. Personally, it would be avoided. As I don't want to trade stocks that have had big declines ever as there's normally a reason for it.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.