New Video: Searching for Stage 1 Bases in the Software Group – 8 June 2022 (1hr) has been posted.
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stageanalysis.net
▪️ 20 min FREE preview on for non-members
▪️ Login to view full length video
#stocks #trading #investing #money
stageanalysis.net
There were 17 stocks from the Software group that are attempting to form base structures in either late Stage 4 or early Stage 1. Here's a few examples:
$ABST fairly thin stock, but potentially in early Stage 1 with a recent spring on volume as a change of behaviour at the lows of the developing structure, and starting move back above the 10 and 30 week MAs, with relative strength vs the S&P 500 moving inline.
$BMBL has been in a downtrend since the IPO, but starting to form a base structure with a few weeks of closes back above the still declining 30 week MA and improving RS vs the S&P 500. So potentially moving into early Stage 1A, but lots of overhead resistance to work through
$BRZE in a Stage 4 decline since very soon after the IPO, but testing the channel boundary and starting to show Phase A characteristics in base structure, with a Selling Climax (SC), Automatic Rally (AR) and Secondary Test (ST). So potentially moving into Phase B of the structure
$CXM dropped into Stage 4 in late November after forming a weak base from the IPO. Now attempting to develop a new base structure with multiple tests of the 30 week MA that it's yet to close above. So it may be moving into the early part of Stage 1. But more work to do to confirm
$DLO with a strong 100% spring move back to the declining 30 week MA after testing the IPO low. So potentially developing a base in early Stage 1A, but need to see higher lows on contracting volume develop on subsequent tests of the most recent move.
$DUOL double bottom type pattern in Stage 4 with a spring type action moving the price back above the still declining 30 week MA, and testing the IPO low. So early signs of developing into early Stage 1A, but more confirmation needed.
Members can see the full 1 hour video with the other 10 software stocks potentially developing into early Stage 1 and the regular members content of the market indexes, market breadth and watchlist stocks.
#stocks #trading #investing #money $SPY $QQQ
stageanalysis.net
#stocks #trading #investing #money $SPY $QQQ
stageanalysis.net
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