he divides charts patterns into 4 stages. Stage 1 base, stage 2 advancing, stage 3 top, stage 4 declining. He says the best time to buy is when a share has broken out from stage 1 to a stage 2 uptrend. Especially if it is accompanied by pick up in volume.
He also says try to find stocks where any resistance is from a long time ago as there is more chance the people who bought then will have taken their losses at tax time.
I think PRE fits this pattern.
Eileen.
PRE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
