Aerospace was one of this weeks strongest moving groups & was led by a Stage 2A breakout in $BA which was highlighted in the daily watchlist on the 10th
(2021-03-09, 11:51 PM)isatrader Wrote: For the watchlist from Tuesdays scans - BOX, DBX, MARA, MBI, RIOT, SI, SIMO, TAOP
DBX made the initial Stage 2 continuation this week following its Stage 2A breakout back in December and subsequent backup to support at the peak liquidity level which provided the Stage Analysis B entry point.
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.
Cannabis stocks - potential for Stage 2 continuation
$MJ only just over 3% below the early Stage 2 closing high from February. Multiple stocks in the group rebounding around the 10 week MA. Potential for a Stage 2 continuation in the group.
$TCNNF new weekly closing high with RS at new all time highs. One of the strongest cannabis stocks, but has been in Stage 2 for 36 weeks
$TLRY early in Stage 2 and rebounding at 10 week MA following the first significant pullback to support. Potential for a Stage 2 continuation attempt as the whole group strengthens once more
$VFF potential for a Stage 2 continuation breakout to new all time highs after rebounding strongly around the 10 week MA
Updated thumbnail charts of the Cannabis stocks group. Potential in multiple cannabis stocks for a Stage 2 continuation attempt.
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.
Most of these would have to be bought on a pullback if at all. A common theme is that they all seem to have relative strength zero lines that have only recently started to slope upwards. However, many are breaking out above upward trend lines, albeit on good volume against old resistance. Are some exhaustion rallys? Or are they steaming on?
