BEAT is making a potential Stage 2 continuation move on around 3 times the average weekly volume and relative performance is strong. Attached are the charts.
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.
Financials was the laggard sector over the late Summer, but started to come back to life in October and is now showing numerous Stage 2 continuation moves, and stocks close to continuation moves. Could Financials be the new leading sector into the end of year?
Since then it had a 50+% move on heavy volume to a high of 3.52 and has pulled back to retest the breakout level on lighter volume than the breakout volume. However, it was still significantly higher volume than during the Stage 1 range.
Yesterday it made a higher daily close following a retest of the breakout level last Friday and so is at the potential secondary investor entry point imo. The percentage moves in MY are huge, with a 20 day average true range of 9.3%, so if anyone does attempt to trade it, then they should be aware of this with their risk management and position sizing imo. Attached is the charts.
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.
