Many investors were concerned about February's unusually quick pullback, and wondered whether it was a bearish signal for stocks. (fidelity.com)
This means we view normal, short - term pullbacks in uptrending stocks as buying opportunities to enter new long positions; our trend - following system does NOT allow us to sell short quick pullbacks of strong stocks and ETFs in an uptrending stock market. (morpheustrading.com)
As annotated in the chart above, we would ideally like to see a quick pullback to near new support of its 200 - day MA (the orange line), presently just above the $ 160 level. (morpheustrading.com)