PMTS

Today was complete annihilation for this stock. It closed down over 18% on big volume at the low of the day. The only thing that seemed to save it was the 50-say MA, which is right where it closed. Fortunately for me, though, I had…

Today started off grim! The price was down a good bit and recovering seemed suspect. Then, in the second half of the day, it recovered back squarely into the up channel. That little early day shakeout looked like a retest of the pivot, as it…

In the last update I was liking the move but hoping for a big volume day in the channel. Well, today that is exactly what I got. A strong move on big volume makes me like it even more. The one concern still is the…

This one made a sneaky move. It squatted right after I bought it. The next day it made a scary move breaking the channel resistance. It turned out to be a channel shakeout as it closed right back at the channel resistance, on increasing volume.…

It squatted soon after the order filled. It bounced a bit off the channel resistance to close off the lows, but still not a great close, especially since it was below the 20-day MA. If it follows the channel, it should still work out. Buy…

The handle appears to be ending. That channel shows the handle of a very big cup. It hasn't quite BO of that channel, but today it recovered from a little volume pullback yesterday with an increasing volume move higher. Today's higher move on about average…

Summary I want to watch this one because I haven't come across this situation yet. Stan Weinstein talks about a Stage 3 possibly breaking back into a Stage 2, instead of 4. I believe that might be what's happening here. From my stage analysis it…