* I call Stan Weinstein’s 30MA my most definitive MA line because this is the level where breakouts take place as Stage 1 transients to Stage 2. * As long as price point remains above the 30MA, the counter will stay in an uptrend and according to Stan Weinstein, we should continue to hold position provided it is is an uptrend. However, if the price point dips...
Watch for volume to pick up for upside confirmation or wait for pullback for entry if volume does not materialize. Maintain upward MA slope and green mansfeld and you are good to go for Stage 2 uptrend with ZERO overhead supply to rein this in. One of the better looking stage 2s in the market imho.
Take away is this is a weaker Stage 2 with long term overhead supply in play and a very nice short term chart to counterbalance. Look for rejection at former highs and make sure relative strength and upward slope are maintained for massive breakout to all time highs.
Weinstein stage analysis breakout to stage 2, same rules as always fam
Huge volume bull flag stage 2 breakout. Same Weinstein stage analysis rules. MTLS
Stay long if maintains green Mans reading, over 30 ma upward slope. WAAS
Using Weinstein stage analysis on the weekly chart we see that HWDN is potentially entering Stage 2 having broken out of a minor Stage 1 resistance and retested the 30MA. Watching for a break above the upper golden trendline drawn from the previous Stage 3 highs. The upper and lower golden trendlines indicate a bullish triangle pattern and is very close to an...
I am not the author of the seekingalpha article even the though the title looks similar. I just find it cool and it rings. For followers of Stan Weinstein chart analysis (do google this up, his technical analysis methods are really easy to use), you would have noticed that KORS has just exited stage 1 and is now at the possible start of stage 2. The high volume...