[isatrader]

OK...let's see if I get this one right. SWHC looks like it's been in Stage 2 since January 2015 with an upper resistance dating back to October 2007 (assuming that is even accurate). Not suggesting a buy at this point since it looks like the breakout was the January 2015 date, but am I even seeing this right?

No. The Stage 2A breakout point for SWHC wasn't until April 2015, as the breakout point that you are refering to didn't meet the Stage Analysis criteria, as in Jan 15 it's still had a declining 30 week MA. See Stans' Don't Commandments in the book. The relative performance was still below it's zero line, and as you can see from the attached chart, it was still below near term resistance. So only one of the four key criteria was met in Jan 15's breakout.

   

Go back to the Stage Analysis Study Guide - Questions and Answers thread and read about the length of bases etc.