[isatrader]

A few more for the US watchlist from the end of day scans - AMD, CBK, MANU, NEO

               

[isatrader]

I highlighted GRH in Stage 1B a month ago on the thread: http://stageanalysis.net/forum/showthrea...87#pid4687 and it's since completed it's Stage 2A breakout and moved around 54% higher on strong relative volume, and so looks to have good potential for a medium term Stage 2 advance, and has done well for anyone that got in at the Stage 2A breakout so far.

In terms of stage analysis entry points. The Stage 2A level was the breakout and weekly close above previous resistance at 1.75 on the week ending 20th June. Currently GRH has moved to 2.5 and so the secondary investor method entry point would be a pullback and stabilisation around the 1.75 Stage 2A breakout level. However, there is no guarantee that it will pullback and instead may continue higher and form a consolidation pattern before making it's first continuation. Of which the breakout above that multi week/month consolidation would also be a possible entry point for the method also, and more suitable for traders due to the better defined risk that it would present than you get at the Stage 2A breakout level which is often extended from it's nearest significant swing low.

Attached is the charts.

[isatrader]

APP has moved out of it's Stage 4 decline and back into early Stage 1 recently on very heavy volume, of which the majority has been large player volume. Short covering seems likely imo, but it's now well above it's 30 week MA and running into resistance from last years trading range that formed in the second half of the year and so there's a chance that it could begin to consolidate and form a high Stage 1 base or pullback or it might just plow through and bypass Stage 1, which can sometimes happen when heavy volume continues to come into a stock. But definitely one for the watchlist.

[isatrader]

CDXS is attempting to make a Stage 2A breakout on the weekly chart with a gap above the breakout level and pullback today on strong relative volume, which is already over 4x the weekly average volume and it's only early on Tuesday. The monthly chart is also showing showing good progression and is close to moving into a monthly Stage 1A if it can close the month above it's 30 month MA.

           

[isatrader]

A few for the short watchlist tonight - CAB, CLDX, EHTH, HSY, PRTA, RDN, WWW

[isatrader]

KOG has seen three days of strong volume this week which has taken it to new highs. Weekly volume has been more than 2x the weekly average volume already this week and relative performance versus the market is also strong.

[theory6453]

A few watchlist candidates for the long side tonight after today's bounce in the markets - JOY, POZN, ECOL, JVA

Quick follow-up on JOY... Popped up in my HighVolume scan and seems to have made good progress since Isa last highlighted in April. Now approaching the $67-$68 Stage 2A target.

-Industrial sector and Commercial Vehicles group performing well

-2X Avg Weekly Volume this week; Subsequent sell-offs in below-avg volume

-Above 30wma and 30wma line rising; Above RP line but RP still relatively flat

-No overhead resistance

Although Monday was a good day, there still seems to be some softness in the US markets this week. JOY's earnings outlook is not great and I would like the RP line to turn up more before I would consider this a serious candidate. It's definitely one for the watchlist though for when strong instiutional buying comes back into the market and the market starts moving higher again.

   

[isatrader]

For the watchlist - NEO

   


And for the short watchlist - YHOO, MTG, MAT