Dear all, In a weak market, I look for stage 4 breakouts and continuation pattersn (based on the famous Stan Weinstein). I try to look for bear flags that fall together with downsloping 50 day sma (or at least very close, a few %s). This is the case for UPS. After a last few good months for UPS, a possible bear flag is forming that coincides with a...
LKNCY has made a powerful breakout from its accumulation zone. This breakthrough came on the back of strong quarterly earnings, positive net income, and growing revenue. INTRODUCTION: LKNCY is a strong rival of Starbucks in China. It is rapidly adding new stores, reaching the nationwide number of nearly 8,000. In contrast, Starbucks has 6,000 stores in China...
Inverse head and shoulder clearly visible from the weekly chart. Formation started in april/may 2021 --> big base, big breakout. Showing strenght during weak day. Above 10 & 30 EMA Weekly, in stage 2 (Stan Weinstein) since middle of october. PEG on earnings (04/11) Entered $105 jan calls @$99 Using AVWP of PEG as stop loss ($98) good luck
SBUX is making the Stage 2 breakout attempt this week on approaching 2x the average weekly volume, with Relative Strength (RS) strongly outperforming the S&P 500 and the Stage Analysis Technical Attributes (SATA) indicator increasing to an 8 out of 10 on Wednesday on the breakout day. But it has fallen back to a SATA 8 today on the general market weakness, but...
After three bases, stock tends to give up gains - for example Stage analysis is key for stock investing. Learn how to count the base correctly, and you will save
RSI has bottomed, MACD in an uptrend. Poking it's head above 30week MA with earnings on deck. If this stays above 30 week MA and closes week post earnings above 30 week MA this will be entering stage 2 with clear stops below 30 week MA for a great risk reward profile. This stock has been bottoming and forming a base for months.
I'm a novice learning The Man's ways. My crayon drawing on this chart appears to be a close to a Stage 2 breakout. I think. Since ABCL is a yungun' I substituted the 150 for the 50. Anyone else have an opinion? XBI looks like a current leading sector. I still feel its early but I just do what the chart is telling me... or technically the book is telling me...
Great opportunity to buy just above 200 day MA as the energy sector breaks out. This looks like a stage 2 breakout, clearly defined exit below 200 day MA. $1 or $2 downside vs high upside
Mosaic beautiful textbook stage analysis chart. Went into into Stage 2 and ripped from 15-20 zone to a high of 79.28. Was this the "climatic top" and now going into distribution and stage 3 ? As of now, MOS is barely hanging on to 30 week MA and flashing warning signs. Technically it may still see more upside and continue to new highs, however now trading...
Nice stage 1 shifting absolutely beautiful into stage 2 possibble pullback reentry if stop loss get hunted. Emotions IN CHECK. Rules are followed strictly. Always remember trading is a game of probability. A+ setups only.
Looking at the chart of NASDAQ:TSLA , it's now trading below the 30 weekly exponential moving average. Is the stock now in a stage 4 decline? I don't have a position here and not keen on owning the stock until it bottoms and trade above the 30 wEMA again.
Rejection at VPOC, 50% Fib Retracement & 30 week MA
VWTR broke out on huge volume in June/July and I had it marked on my watchlist for a pullback. For the first time since the breakout, it is re-testing the 30 week moving average currently at 11.48. Set a low last week and this morning at 11.44 and is now reversing perfectly off the 30 week MA. Good long term long entry with a stop below the 30 week moving...
DLF - Weekly TF - Moving in an ascending channel. Currently bouncing from the bottom of the channel. Trading above 30 WEMA suggests in Stage 2 Uptrend. MACD on daily TF has seen a crossover. RS is positive. Will be weak if closes below 30WEMA. Only for educational purposes, not a buy/sell recommendation.
Tell has a 20 month consolidation after the February/March 2020 collapse. Now the sector is breaking out and it is above the 30 week moving average at $3.34. You can set a stop below the 30 week moving average. I would be accumulating shares between the 10 week moving average at $3.47 and the September High of $4.27. Once it clears the September high it should...
Looking at the Monthly instead of the weekly the 12 month or 1 year moving average looks to be a great trend line that held in April, August, and hopefully now in November. The 12 month MA is sitting at $3.27 and the 200 day MA sits at $3.29, they should hold, and if they hold at the end of November, this will prove to be a great buy low spot.
Testing out the stage analysis strategy. Hoping to pick a few more winners a lot earlier.
Technology company, genetic testing & next gen sequencing solutions. FLGT Crossing 47.83 ALERT STAGE 2/ 34 WK/ 1.9% RES/ 36.6% MA VCP 20W/ 50-11%/ 4T 34% INSTITUTIONS NEXT EARNING FEB '21 CRUSHED EARNINGS