[Tryst]

Hi, IsaTrader, what is your take on HAIK? Is that classified as a stage 2A breakout?

Hi Tryst, HAIK broke out into Stage 2A on Jan 3rd imo at 23.50, on the daily close above the tight range that formed from July to the end of 2013. Volume on the breakout day was only average, but was followed by a strong volume day the next day of almost 4x the average, and it closed the week on just under 2x the weekly average and a cross above the relative performance zero line.

It's now made it's first continuation above previous resistance highs and it's moved above it's 30 month MA for the first time in a number of years although that's still declining currently. So although made it's first continuation I'd still consider it to be in Stage 2A (which means early in Stage 2).

It would be good to see more volume though, as half way through the month it's still under it's 12 month average volume, so ideally that would be 2x or more by the end of the month to show it's getting the necessary interest to fuel outperformance. So for example you want see 3x or more average volume on the breakout day, then at least 2x average volume on the breakout week, and then finally at least 2x on the monthly chart for extra confirmation that the stock is getting some interest. As volume is critical to finding the superstocks.

Thanks, Isatrader