RE: US Stocks - Watchlist and Discussion (Premium)
I highlighted GRH in Stage 1B a month ago on the thread: http://stageanalysis.net/forum/showthrea...87#pid4687 and it's since completed it's Stage 2A breakout and moved around 54% higher on strong relative volume, and so looks to have good potential for a medium term Stage 2 advance, and has done well for anyone that got in at the Stage 2A breakout so far.
In terms of stage analysis entry points. The Stage 2A level was the breakout and weekly close above previous resistance at 1.75 on the week ending 20th June. Currently GRH has moved to 2.5 and so the secondary investor method entry point would be a pullback and stabilisation around the 1.75 Stage 2A breakout level. However, there is no guarantee that it will pullback and instead may continue higher and form a consolidation pattern before making it's first continuation. Of which the breakout above that multi week/month consolidation would also be a possible entry point for the method also, and more suitable for traders due to the better defined risk that it would present than you get at the Stage 2A breakout level which is often extended from it's nearest significant swing low.
Attached is the charts.
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.