MASI breaking out. Very nearly opened a position. Large, 3x average volume spike, though I treated the breakout as today. However, I don't otherwise see any volume.
(2020-12-03, 09:04 PM)pcabc Wrote: MASI breaking out. Very nearly opened a position. Large, 3x average volume spike, though I treated the breakout as today. However, I don't otherwise see any volume.
Small follow up, the charts are from yesterday's data, it has broken out now.
$RVLV continuing to build a constructive Base 1 following the Stage 2A breakout in August, and has formed a larger inverse H&S base with Relative Strength near the recent highs.
Could be ready a continuation breakout attempt.
With the Energy sector finally starting to catch up after being this years laggard. Multiple stocks in the sector are moving into Stage 2.
$AM one of the better stocks attempting to make a Stage 2 continuation BO from large one year inverse H&S base.
$CGC is it 2017 again??? Didn't think I'd be posting weed charts this year.
Breaking out of a one year Inverted Head & Shoulders Stage 1 base. Watching for a backup towards the Stage 2A breakout level on contracting volume Eyes
$LYFT breaking the downtrend line on strong relative volume and moving into early Stage 2A with RS moving back above the zero line.
$LBRT a young energy stock showing a potential turnaround as it makes the initial Stage 2 continuation breakout attempt. RS line making a new near term high above a flattening zero line.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
You may note the main stock on tonights watchlist is FSLY, which I didn't think I'd be posting again this year. However, the base it's developing is still very constructive imo, and I've marked up the chart using the Wyckoff method Phase analysis - which allows you to do a detailed analysis of the base structure to help to determine whether it's an accumulation dominant base or a distribution dominant base. So I'd highly recommend that you read some Wyckoff books, as really helps with Stages 1 and 3, and continuation bases, with some additional low risk entry points to consider.
