Example of a slow starter while holding the 10ema
AMWD first appeared on ChartYourTrade's Top 10 Setups in Bases way back on 12/20/14. It scored a 9.1 after being put through our Stock Evaluation Guide (to learn more about the guide and download it for free, click here: chartyourtrade.com/s...ck-evaluation-guide/ )
AMWD finally broke out of a 12week long flat base on 2/3 and then proceeded to trade sideways. Sometimes sitting through sideways action can be brutal because while no sell signals are given, other stocks on your watch list can be making moves. AMWD reminds us that patience pays and we can use the 10ema as a guide.
AMWD last appeared on ChartYourTrade's Ready List on 2/21 for CYT Premium members. Below are some of the notes they were provided:
NOTES: AMWD recently broke out of a 1st stage flat base with a classic pivot at 43.20. Since breaking above the advanced pivot at 41.38 it has received support along its 10ema. See if this continues. If it fails, prior resistance at the classic pivot may turn into support, especially with the 21ema crossing above it.
AMWD finally broke out of a 12week long flat base on 2/3 and then proceeded to trade sideways. Sometimes sitting through sideways action can be brutal because while no sell signals are given, other stocks on your watch list can be making moves. AMWD reminds us that patience pays and we can use the 10ema as a guide.
AMWD last appeared on ChartYourTrade's Ready List on 2/21 for CYT Premium members. Below are some of the notes they were provided:
NOTES: AMWD recently broke out of a 1st stage flat base with a classic pivot at 43.20. Since breaking above the advanced pivot at 41.38 it has received support along its 10ema. See if this continues. If it fails, prior resistance at the classic pivot may turn into support, especially with the 21ema crossing above it.