RE: US Stocks - Watchlist and Discussion (Premium)
COSI - I last highlighted this one back in August as it moved into early Stage 1A, and since then it's formed a swing high and pulled back to the 30 week MA, where it held and has rebounded from again, and is now clear of the near term resistance zone shown by the ichimoku cloud on the weekly chart attached. It's continuing to form a raised Stage 1 range and the monthly chart is now attempting to clear it's 30 month MA and move into Stage 1A on the monthly. So it's looking more promising that it will make a Stage 2A breakout attempt during 2015, which if it does will be a good example of the kind of patience that you need when looking for a proper Stage 1 base to form, which ideally should be at least six months or greater on the weekly chart imo.
And as a bonus chart as we've we've been talking about chartmill today is another weekly chart but with the unique effective volume data that you can only chart on chartmills website. Showing that there's large player volume coming into this stock during this Stage 1 base.
P.S. dirk if you see this post. One request I'd really appreciate for Stage Analysis users is for a logarithmic scaling option to be added chartmill so that Stage 1 bases are able to be seen clearly, as after a long Stage 4 decline to single digits they get very condensed on a standard arithmetic scale, and also a minor issue I've noticed is that the Mansfield RS doesn't always display correctly as you can see on this chart, so I would appreciate if you could look into that please.
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.