[isatrader]

MNDO has been highlighted numerous times this year as it moved into Stage 2A and onto it's first continuation. It's now made a further continuation, but the volume increased significantly last week to 7.76x the weekly average as it managed to breakout to new multi year highs, and is now approaching it's all time high of 3.11 from September 2000.

Below is the monthly, weekly and daily charts.

           

[isatrader]

PLNR has come up a few times this year as it's moved through early Stage 2. I last highlighted it on the 1st August as it made continuation breakout on very strong relative volume. That volume continued to build this week as it powered higher and was almost 10x the average weekly volume by the close this week and made a new five year high.

So if you scale out to monthly chart you can see it's testing the top of a four year base formation, where it's stabilized following the collapse in 2008, and so now looks like it could be ready to breakout into a monthly Stage 2A phase, and is attempting to clear resistance from the 2010 highs. The volume on the monthly chart is very strong at 2.82x the monthly average volume after only six trading days, and so it looks to have the ingredients that we look for.

Below is the monthly, weekly and daily charts.

           

[pcabc]

RGLD:
   

[isatrader]

GRUB - another recent IPO that's forming it's primary base, and looks like it's getting ready to test the top of the range soon.

           

[isatrader]

A few for the US watchlist from Mondays scans - CQB, REXI, MWE, MFRM, LABL

[isatrader]

LEJU - another recent IPO that's formed and broken above it's primary base. It's made a close above the IPO high three weeks back, and is now attempting to make a further continuation.

       

[isatrader]

TEDU - Recent IPO making it's first continuation breakout attempt

           

[isatrader]

A few for the watchlist

TRUE - Attempting to make it’s first breakout from it’s primary base

       


TSRA - strong continuation breakout a few weeks back. Looking for the next consolidation to form

       


PTRY - strong continuation breakout a few weeks back. Looking for the next consolidation to form

           


KANG - Continuation breakout attempt from consolidation