Like this set up a lot. Price working off of long Stage 1 base. Multi Bottom. B/O into Stage 2 soon. Watch List!
Comments
zeno
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Wow, nice find. How do you go about researching Stage 1 stocks?
fibline
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Try 1st scanning for double or triple bottoms with Finviz. It's FREE. Cheers.
zeno
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Thanks! I have no idea why I've overlooked these signals on Finviz in the past. Mostly used Finviz for their heatmap.
zeno
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Speaking of multiple bottoms, what do you think of MYRX? Seems to have already broken out of Stage 1 into Stage 2 on extremely high volume (around 5.8M shares on 197K average volume). Huge gap up to find support on the 200 MA and above key resistance from the bearish kicker candle dating back to 5/11/2012. Buy?