[isatrader]

$MU from the watchlist had earnings last night and gapped up around 6% to 87 in the after hours trade. So watch for a potential Significant Bar breakout attempt if it can follow through intraday today.

   

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$DBRG from the watchlist testing the pivot

   

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Former leading stock $AEHR with an early Stage 2 breakout attempt from its intraday Stage 1 base. It is showing some strong relative volume but meeting some resistance so far. So maybe too early and hence an upthrust in Phase B of the base. But is moving it into focus.

   

But if it does breakout into Stage 2 on the intraday timeframe, then that will start to bring it back into focus on the higher daily timeframe as it approaches the +1x ATR level and 50 day MA.

   

I'd say this is a reasonable example of what Mark Minervini calls the "Low Cheat" pattern. Which as you can see from the intraday 2 hour chart, is just a Stage 1 base on a lower timeframe, which then can give an earlier entry point than more traditional higher pivot points.

Being an early entry point area though, it's much more failure prone, so a smaller position size is generally the tactic if it makes the intraday Stage 2A breakout, which you can then add to gradually at higher pivots as the fuller pattern develops. Which with the low cheat is often a cup with handle type of pattern.

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Good follow through on yesterdays Undercut and Rally scan results with vast majority of them positive today so far.
https://twitter.com/Stage_Analysis/statu...0603480072

   

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$MU has followed through intraday with the Significant Bar (SB) breakout on 190% above average volume so far. Potentially putting it back into Stage 2. Will be watching to see how it reacts relative to todays SB in the coming days.

   

$MU from the watchlist had earnings last night and gapped up around 6% to 87 in the after hours trade. So watch for a potential Significant Bar breakout attempt if it can follow through intraday today.