RE: Stage Analysis Beginners Questions
(2020-11-18, 07:50 PM)miche Wrote: I missed the breakout with OIHDo I wait for the pullback?
I feel like I have the right idea just missing the timing - chasing kids in the am LOL cheers
You haven't missed the breakout with OIH, as it's only in Stage 1 currently, still developing its base, and very much still under major resistance from a multi year Stage 4 decline with RS still below a declining zero line. Stage 1 is tradable for short term traders on the swings, but if using Stage Analysis you should be looking for stocks that have only had minor Stage 4 declines before basing in Stage 1 if you are trying to get in at the Stage 2A entry point. As a multi year decline is not a good sign of a healthy stock that's in demand, and normally would require a large base to work through the resistance or some significant change in the business. So try to avoid charts that run from the top left to the bottom right, and instead find charts that run from the bottom left sideways and are tightening up near the highs.
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.