Nah, stage 4 is when the stock tops out and goes into a real downtrend(look at the lithiums for examples of stage 4s), this is more likely just a base in the stage 2 trend. People like Minervini point to TMLs having 4 to 5 bases during their stage 2 trend. Weinstein uses the 30W MA as his indicator for a stage 4 beginning, I can't remember if he uses EMA or SMA but 30Ws for EMA and SMA are $3.15 and $2.92
Nah, stage 4 is when the stock tops out and goes into a real...
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$6.28 |
Change
-0.090(1.41%) |
Mkt cap ! $1.957B | |||
| Open | High | Low | Value | Volume |
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