(2014-02-18, 11:12 AM)isatrader Wrote: I thought it would be helpful to members to do some quiz questions occasionally, and so as I have a bit of time I've attached is a mystery chart with a set of questions for you to answer.
- What is the Stage of this stock?
- Is price above a flat or rising 30 week MA?
- What is the volume doing?
- Is the relative performance versus the S&P 500 above or below the zero line?
- Is the relative performance zero line itself down, flattening or rising?
- Is there significant near term resistance?
- Would you buy this stock?
- I've also included the Sector chart and the S&P 500 at the time, so that you can evaluate their Stages also to complete the analysis.
I seem to have a different answer to the others.
1)I still think this is in stage 1. I see this as a basing pattern looking like a double bottom playing out and would need to get past the 5 stage before considering a stage 2.
2) The MA looks flat rather than rising, although there is a tiny lip which isn't convincing enough to me
3) Volume increasing on the potential breakout..needs to get past 5 before a confirmed stage 2
4) relative performance is above the zero line
5) the nearest is at 5, to mark stage 2 and then again at 9
6) the sector and market charts are in alignment but the sector isn't convincing to be honest so I would buy only if I was convinced it had entered into stage 2 bearing in mind resistance is 2.5 times away from potential Reward:risk so I'd take some profit at 9
I'd look at others though, and I'd really want to see what the cloud pattern was like
Ok I sent this I see after the answers came out..man that is really bad..so can't even get the beginner questions right, WITH the damn answers !