[kero]

   

[isatrader]

AMRN - heavy relative volume the last few days as it's breaks out into early Stage 2. Monthly chart shows potential, and the 2 hour chart shows the volume surge.

               

[isatrader]

A bunch of interesting Stage 1 and 2 stocks today on the more than 3x daily average volume scan. A number of health care stocks popping up on the scan too today.

XXII (Stage 1), ADXS, AMKR, BZUN (Stage 1B), CZR (Stage 1), ETSY, NLS, SODA, SRI, XTLY

                                       

[odlareg]

hello Isa, I did a bit of investigation into this list. Most of them run into young or old resistence. Definitely on my buy list for today is XTLY. Will not be surprised if it will hit 19 dollar after a while. AMRN i wait for retracement.

[isatrader]

hello Isa, I did a bit of investigation into this list. Most of them run into young or old resistence. Definitely on my buy list for today is XTLY. Will not be surprised if it will hit 19 dollar after a while. AMRN i wait for retracement.

Yes, quite a few have resistance still, obviously especially the Stage 1 stocks which will aways still be under long term resistance. So when I post stocks on the watchlist, I'm not suggesting that they are at a buy point unless I specially say, but simply they are shaping up and could be ones to watch.

XTLY did go through a buy point yesterday, but moved strongly higher, and so you need to be aware that it's already 7% above that level, and so a hard one to get into now as a trader stop would go under 11.5 imo, which is -20%, and hence you'd need to be looking for a 60%+ move for the 3 to 1 reward to risk ratio the trader method looks for.

Here's the more detailed charts of XTLY.

               

[kero]

Omega Healthcare investors looks interesting. Sectors are Real Estate/Healtcare Eq.&Serv., which are both strong. Looks as the stock is going to breakout, with increasing volume.

   

The RS of the stock is the only problem. It has been bear for some time. But the RS also look as being in the process of breaking out its resistance.

   

[isatrader]

Omega Healthcare investors looks interesting. Sectors are Real Estate/Healtcare Eq.&Serv., which are both strong. Looks as the stock is going to breakout, with increasing volume.

The RS of the stock is the only problem. It has been bear for some time. But the RS also look as being in the process of breaking out its resistance.

It's already broken out into Stage 2A on the dividend and split adjusted charts that stockcharts.com use. Volume was only a little above average though, and RS is quite flat.

   

The Prorealtime software uses unadjusted charts, so you can miss the breakout point with those charts.

[kero]

Actually, ProRealTime also uses dividend adjusted charts (as configurable option), but I disable the option.

That's a point about which I'm thinking since a lot because I'm unsure about my position. I've already considered that dividend adjusted charts give a distorted view of the price actions, specially because support/resistance which are seen on charts doesn't reflect the real moves, hence it distorts the "price memory", which looks essential to me to define relevant levels. Also, I suppose that Weinstein used non adjusted charts in his book, which are a quite modern feature (but maybee he would have, if he could ?)

Another problem I see with adjusted charts is that their precision depends from the available information that the charts editors have. Sometimes, I have seen that a dividend has been detached, but the stock charts doesn't reflect it, probably because lack/forgot of information. Hence, having a simple rule (only using unadjusted charts) makes it simpler. All charts are drawn in the same way.

I'd be interested in your opinion. You consider that adjusted charts work better for Weinstein method ?