Basing Setup
Weinstein's Stage 1 — the long, sideways accumulation phase where a stock trades in a choppy range, often below its 30-week MA or as it flattens. This is where smart money quietly builds positions before the Stage 2 breakout. Not a buy yet — but a stock to watch closely.
Setup Criteria
- › Stock trading in a sideways range, low volatility
- › 30-week MA is flat or just beginning to turn up
- › Volume is low and contracting during the base
- › Relative strength not breaking down vs market
- › Length: weeks to months — longer base = stronger move
Entry
Do NOT buy yet — wait for the Stage 2 breakout above the range on volume.
Stop Loss
N/A during Stage 1 — this is a watchlist / monitoring pattern.
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Pattern Diagram
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Weinstein
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Pattern Info
LegendWeinstein
Difficulty
Beginner
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