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$U Stock – Stage 2A Breakout

Unity Software $U stock made a Stage 2A breakout this week from the five month Stage 1 base that had been forming since the Selling Climax (SC) in early March. It closed the week strongly near the high of the weekly price bar.
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Bitcoin - Stage 1

Bitcoin is at a pivotal point once more as it moves back into Stage 1 on a weekly basis, (which is what we use to determine the major Stages), following a failed attempts to breakdown into Stage 4, which reversed into a Spring / Last Point of Support (LPS)...
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$PTON – Potential for a Stage 2 Breakout Attempt

$PTON continues to look interesting in Stage 1, following a failed Stage 4 breakdown attempt in early May, which turned into a heavy volume Selling Climax and reversed into a Wyckoff Spring. Since then its rallied back to the top of the trading range with a minor sign of strength and has been tightening up around the top of the range above the 50 day MA...
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$AMD - sign of strength?

$AMD has been basing for almost a year. However, the Stage 3 top failed to breakdown into the Stage 4 declining phase, and it has instead formed a spring and test, and last week followed through strongly to the upside within the trading range with a sign of strength bar...
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Cannabis Stocks Back in Stage 2. Big Industry Group Theme for 2021

At the start of each year I like to look at where the initial money is flowing once the institutional traders return from their end of year breaks, and this year I can see a strong group theme developing in the Cannabis stocks once more, with multiple early Stage 2A breakouts and continuation breakouts on strong volume recently from big Stage 1 bases, and multiple other stocks in the group setting up in the later part of Stage 1.
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