dangreene
229 posts
msg #155344
- Ignore dangreene
modified |
1/17/2021 3:46:34 PM
@graf
This does not negate my thinking about when a stock may/will pull back. Exceptions to every rule.
No denying that LAC was/is a strong stock.
Also no denying that it did pull back on 01/11/2021.
And again, on 01/14/2021, based on intra day high it did pull back again.
Good luck with it. I hope it now continues up and produces a nice return for you.
Dan
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graftonian
1,089 posts
msg #155347
- Ignore graftonian |
1/17/2021 11:06:02 PM
@Dan, Perhaps we're having a semantical (or is that "sewomantical"?) difference. To me a pullback is heading for pre-breakout levels.
Duane
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dangreene
229 posts
msg #155348
- Ignore dangreene |
1/18/2021 8:49:40 AM
This may clarify.
- - - - -
Retracement/Pullback
short term
generally occurs after a period of larger gains
indecision displayed by candlestick patterns
increased volume as prices move lower
volume during a retracement is often lower than average
https://www.quora.com/What-is-the-difference-between-a-retracement-and-a-pullback#:~:text=Retracement%20is%20just%20a%20formal/technical%20term%20where%20as,rather%20applicable%20to%20any%20instrument%20or%20any%20market.
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graftonian
1,089 posts
msg #155363
- Ignore graftonian |
1/19/2021 11:55:35 AM
@Dan
I agree with most of this, however, the last 2 appear to be contradictory:
Retracement/Pullback
short term
generally occurs after a period of larger gains
indecision displayed by candlestick patterns
increased volume as prices move lower
volume during a retracement is often lower than average
Graf
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graftonian
1,089 posts
msg #155377
- Ignore graftonian |
1/20/2021 11:10:22 AM
LAC Touched my stop at PSAR, thus ending a nice 82% run
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dangreene
229 posts
msg #155380
- Ignore dangreene |
1/20/2021 1:37:02 PM
Nice, congrats.
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Mactheriverrat
3,153 posts
msg #155382
- Ignore Mactheriverrat |
1/20/2021 7:07:49 PM
Nice Graf!!!!!!!!
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