RE: US Stocks - Watchlist and Discussion
(2015-04-16, 08:41 PM)isatrader Wrote:(2015-04-16, 07:41 PM)GlobalCitizen Wrote: Hello everyone,
Been lookin at LYV (Live Nation) the last couple of days.
Here is the chart.
If I'm not mistaken, it appears to be in an early stage 2 level. The 30 MA is slowly movin up. Thoughts anyone?
Hi GlobalCitizen,
LYV has been in Stage 2 for over two years and so would be considered in late Stage 2B, as it's had a very long Stage 2 advance and the Stage 2A breakout occured back in early 2013. Although it’s still showing potential for a possible further Stage 2 continuation attempt currently.
Interesting.
The way I looked at it, it seems that it built a new base and is on the verge of a new break-out. Since it dropped in April, August and October '14. I looked at those drops as a stage 4.