UK Stocks and ETFs - Watchlist and Discussion

(This post was last modified: 04-23-2014, 11:41 PM by Tryst.)

RE: UK Stocks - Watchlist and Discussion (Premium)

(04-20-2014, 01:06 PM)isatrader Wrote:
(04-20-2014, 12:48 PM)Tryst Wrote: what I meant was that in your chart you state that it attempted a breakdown/continuation move. Is the price did break down to new lows a few weeks back would the price range from Aug 2012 until the price break down a few weeks ago be classified as a stage for continuation move? This is where my question comes from, can a stage 4 continuation move last as long as this amount of time? (almost 22 months)

I think it's semantics as to whether it's called a Stage 4 continuation breakdown or a new Stage 4A breakdown in this case. Personally, if a stock has had a Stage 4 decline and then moved into Stage 1 and attempted to base, before breaking down once more below the base, then I consider that a continuation move of the previous Stage 4, as the Stage 1 is just a pause in a longer term downtrend. But if moved back into Stage 2 and 3 before breaking down again, then I'd consider it a new Stage 4. But in this case, as it never made it into Stage 2, then I'd consider it a continuation of the previous Stage 4.

Hopefully that makes sense

It looks like L.AQP has turned out to be a continuation. I am not sure what happened fundementally, but it has a massive gap down to new all time lows and on above average volume, but less than recent weeks volume (so far). An example showing to not try to be too cute and go all in early in a stage 1 base.

Not sure what the tell tale signs are looking at the chart that this was going to happen as the recent high volume was on good price action.

   

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Messages In This Thread
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RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-29-2014, 02:53 AM
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Re: Sector Focus: UK Homebuilders - by isatrader - 12-29-2019, 10:48 PM
FTSE AIM All Share index - AXX - by isatrader - 01-08-2014, 02:46 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 10:33 AM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-28-2014, 07:50 PM
RE: UK Stocks - Watchlist and Discussion - by Tom - 01-29-2014, 02:53 AM
Sharehunter.com February Article - by isatrader - 02-08-2014, 10:11 AM
OT: a bit - European cement - by pcabc - 04-06-2014, 08:54 PM
RE: UK Stocks - Watchlist and Discussion (Premium) - by Tryst - 04-23-2014, 11:39 PM

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