In the Stage Analysis method, the Advancing stage occurs when the stock breaks free from the Base and 30-week moving average. The price of CALT moved up rapidly after breaking out the Base from the 30-week moving average. After the breakout, it increased its advancement by a staggering 677%.
Similarly, PARQ is in its advancing phase and is backed by strong fundamentals. It has only gained 165% gain from its breakout. While observing the volume profile, it is noticeable for even a blind man that there is a freaking interest in the stocks. Sellers are getting hammered daily, making them regret their decisions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.