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+--- Thread: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts (/Thread-US-Stocks-Breakouts-Breakdowns-SP500-NYSE-Nasdaq-Stock-Charts)
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RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-06
A few more for the US watchlist today - EBIX, RIOM, QURE
RE: US Stocks - Watchlist and Discussion (Premium) - Amedee - 2015-01-07
MIFI - Attempting it's initial Stage 2 continuation breakout, and idf you look at the P&F chart for the longer term picture then you can see that it's also challenging multi year highs and approaching the top of it's monthly Stage 1 range.
[/quote]
... Scanning some messages on the board and reading this one...
MIFI has a very strong so called point and figure 'fulcrum' pattern and is nearing a break out (pattern type full catapult as described by Victor DeVilliers in his wonderfull book Point and figure charting, first edition 1933, revised edition in 2007).
See http://www.scribd.com/doc/77610629/De-Villiers-and-Taylor-on-Point-and-Figure-Charting
See also the attachment of a 1 box reversal chart. You can see similarity with the downward channel in MIFI, a mid rally $4.25 and a possible catapult point at $4.5. The pattern is confirmed on a so called 3 box reversal chart.
On a point and figure RS chart (relative strength measured against the SPXEWI), you can see a basing area with a triple top buy signal. Promising.
Just my 2 cents...
Amedee
Amedee
RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-07
(2015-01-07, 06:34 PM)Amedee Wrote: ... Scanning some messages on the board and reading this one...
MIFI has a very strong so called point and figure 'fulcrum' pattern and is nearing a break out (pattern type full catapult as described by Victor DeVilliers in his wonderfull book Point and figure charting, first edition 1933, revised edition in 2007).
See http://www.scribd.com/doc/77610629/De-Villiers-and-Taylor-on-Point-and-Figure-Charting
See also the attachment of a 1 box reversal chart. You can see similarity with the downward channel in MIFI, a mid rally $4.25 and a possible catapult point at $4.5. The pattern is confirmed on a so called 3 box reversal chart.
On a point and figure RS chart (relative strength measured against the SPXEWI), you can see a basing area with a triple top buy signal. Promising.
MIFI is the one of the stocks I'm watching closely this week, as it's volume looks like it might reach the 2x average weekly volume requirement of the method by the end of the week and has good relative strength versus the market as you mentioned.
I've attached the P&F 3 box reversal chart of it again, and included the relative performance chart you mentioned versus the S&P 500 equal weighted index to show the relative strength breakout you mentioned to our other members not so savvy in P&F charting, as they might not understand what you mean.
I've also attached the monthly line chart that shows it's forming a monthly Stage 1 base (it's already in Stage 2 on the standard weekly chart), but is another way of showing it's progression on a long term scale similar to the timescale that a P&F chart shows.
My personal game plan with this one is to keep an eye on it until Friday, and then make a decision during the trading day as to whether I will put on a position or not. But it does look interesting so far this week.
RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-07
COSI - I last highlighted this one back in August as it moved into early Stage 1A, and since then it's formed a swing high and pulled back to the 30 week MA, where it held and has rebounded from again, and is now clear of the near term resistance zone shown by the ichimoku cloud on the weekly chart attached. It's continuing to form a raised Stage 1 range and the monthly chart is now attempting to clear it's 30 month MA and move into Stage 1A on the monthly. So it's looking more promising that it will make a Stage 2A breakout attempt during 2015, which if it does will be a good example of the kind of patience that you need when looking for a proper Stage 1 base to form, which ideally should be at least six months or greater on the weekly chart imo.
And as a bonus chart as we've we've been talking about chartmill today is another weekly chart but with the unique effective volume data that you can only chart on chartmills website. Showing that there's large player volume coming into this stock during this Stage 1 base.
P.S. dirk if you see this post. One request I'd really appreciate for Stage Analysis users is for a logarithmic scaling option to be added chartmill so that Stage 1 bases are able to be seen clearly, as after a long Stage 4 decline to single digits they get very condensed on a standard arithmetic scale, and also a minor issue I've noticed is that the Mansfield RS doesn't always display correctly as you can see on this chart, so I would appreciate if you could look into that please.
RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-08
FOLD - Attempting a further Stage 2 continuation breakout
Disclosure: I've been long FOLD since 25th Nov 14.
RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-08
ADXS - last highlighted at 4.94 on the 17th Dec as broke out into Stage 2A, and it's moved almost 100% since then. I noted at the time that it still had heavy resistance to work through, which it's moved through strongly on heavy relative volume over the last three weeks. So it's now looking like a promising Stage Analysis candidate to watch to see how it acts on it's first significant pullback / consolidation for investors, although short term traders might be interested in the current small consolidation breakout attempt.
RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-08
A few for the US watchlist - RGLS, MRVL, FLXN, IPXL, DHT, CTSO, CMG, CNAT*
I haven't got time to mark up the charts Stages, but the majority should be fairly obvious.
*UPDATE: CNAT has had an extreme move down in the after hours trading and so it's no longer suitable for the watchlist.
RE: US Stocks - Watchlist and Discussion (Premium) - isatrader - 2015-01-08
CDXS - Stage 2 continuation attempt