This fits nicely with our recent commentaries in which we were looking to
buy on pullbacks to support levels.
Why wouldn't
I buy on this pullback?
So we asked three top Motley Fool contributors to weigh in on promising stocks that they believe are either suffering a short - term dip as we speak, or represent prime candidates to
buy on a pullback.
You want to identify them and try to
buy them on a pullback if you missed the breakout.
You want to identify them and try to
buy them on a pullback if you -LSB-...]
Ideally, we will look to
buy on a pullback to support at 1.2828 — 1.2755 with a price action entry confirmation signal.
Not exact matches
«Yes, the comps are concerning, but again
on every
pullback, the stock's been a
buying opportunity.
Similarly, we always take the same approach
on the long side when
buying pullbacks of strong stocks; we wait for a
pullback to form some sort of reversal pattern before
buying (rather than trying to catch the bottom of the
pullback).
Although we would prefer to enter $ KOL as a
pullback buy entry, a breakout entry
on the next move above the horizontal pivot may be in order if the ETF continues to hold near the highs of its recent range.
We set a
buy stop above resistance of the short - term downtrend line that formed during the
pullback, enabling us to
buy $ MZOR at $ 45.11
on the second
buy entry.
The MTG Stock Screener is web - based software that simply uses preset formulas to quickly narrow down and provide you with a list of the best stock breakout or
pullback setups, but it does NOT provide you with specific guidance
on trading strategy or when to
buy and sell.
One ETF
on our radar screen for potential
pullback buy entry is iShares Nasdaq Biotech Index ($ IBB).
We recently profited from the sale of two ETF swing trades
on the long side of the market, $ FXI (China) and $ EPOL (Poland), and we continue to monitor select international ETFs for potential
buy entry
on a
pullback.
Also, you may want to review how we gained 19 % in just 6 days with $ JO, as the ETF may again be setting up for potential
buy entry
on its current
pullback (subscribers of The Wagner Daily newsletter will be notified of our exact
buy trigger, stop, and target prices if / when we re-enter $ JO).
We are now monitoring $ FXE for a potential low - risk
buy entry point
on a
pullback, especially if the price action can test the rising 20 - day exponential moving average, along with forming a «higher low.»
In healthy markets, we primarily focus
on buying breakouts and
pullbacks.
In today's stock trading strategy video, we show you the exact technical signals that alerted us to
buy $ LOCK
on a
pullback, just a few days after the stock broke out from a bullish cup and handle chart pattern.
If you wish to learn more about our proven system for
buying pullbacks of breakout stocks, check out this September 10 video
on our blog that detailed our recent
pullback swing trade entry into $ YELP (which is still open and presently showing a gain of 30.2 % since our entry).
Video game stocks haven't been spared from this market volatility, but the
pullback represents a «meaningful
buying opportunity based
on what we know now,» according to KeyBanc.
For this momentum trade setup, we are looking for potential
buy entry
on a slight
pullback from the March 4 move (the price must drop to the exact
buy limit order listed in today's Wagner Daily in order to trigger the trade).
Like Sonkin, other fund managers are increasingly turning to small - cap companies with no sell - side coverage, hoping an industry - wide
pullback in analyst research will allow them to
buy into more «unknown» companies before they get
on other investors» radar.
For example, part of a money management strategy could involve
buying pullbacks to support when there is good reason to believe, based
on fundamental analysis, that a bull market is in progress.
We will be watching this ETF closely for a possible
buy entry
on an undercut of the 10 - day moving average or a
pullback to the 20 - day EMA.
On the other hand, conservative traders should wait for a bearish
pullback towards the price zone of 1.3370 - 1.3400 where a valid
buy entry can be offered.
Then, in this September 18 blog post, we detailed how we used the same trading strategy to
buy LifeLock ($ LOCK)
on a
pullback.
With this in mind, $ UUP could soon offer a
buying opportunity
on a
pullback.
BIOTECHNOLOGY: e.g. BBH and IBB or heavyweights Amgen (AMGN) and Genentech (DNA) can be trading
buys on strong
pullbacks.
We continue scanning for new ETF trading opportunities, such as
buying the incredibly strong iShares Philippines ($ EPHE)
on a
pullback to support.
We will be looking for price action
buy signals
on a
pullback whilst prices remain above the support zone seen below.
Once again buyers stepped in to
buy the
pullback and reverse the tables
on market bears.
In this video, Wagner discusses the
pullback entry, which is used to
buy a steadily uptrending stock or ETF that was not entered
on the initial Relative Strength Breakout setup.
Since our stock trading strategy focuses
on buying breakouts and
pullbacks of strong, uptrending, there remains a lack of quality, momentum - driven ETFs and stocks to
buy for short - term trading.
EEM could offer a
buying opportunity
on a breakout above the three day high near $ 44.10 or
on a
pullback and undercut of its 20 - day EMA.
As such, we began stalking $ TRUE for a potential
pullback buy entry point as it pulled into major support of its prior highs, as shown
on the weekly chart below:
Although we already have an unrealized gain of 6.3 % since
buying $ GLD in our swing trading newsletter (
on January 27), the technicals indicate there may be substantially more upside to come, so
pullbacks in gold are relatively low - risk
buying opportunities.
I find that the supplementary rules help to identify more complex
pullbacks like a wedge, but the a better entry signals can usually be found based
on the chart pattern rather than waiting for a MACD
buy signal.
For instance, if your trading strategy dictates a
buy, but price is right below a major resistance level, you might want to wait for a clear break - out of the resistance before entering
on pullbacks.
That said,
on a
pullback it looks attractive and even at the current price it is a marginal
buy.
The «daily pivot» strategy is considered a unique case of reverse trading, as it centres
on buying and selling the daily low and high
pullbacks / reverse.
Traders should watch support / value down near 1.3600 — 1.3650 for
buying opportunities this week
on a
pullback.
As a «regressive» price action trader, we are looking to
buy or sell from value within the trend... waiting for the inevitable
pullback and then pouncing
on an obvious price action signal if one forms.
On a
pullback, $ 59 should now act as support and provide a good second - chance
buying opportunity.
Watch for price action
buy signals
on a
pullback to that 1320 — 1307 support area this week and target resistance up near 1365.
We will be looking for price action
buy signals
on a
pullback whilst prices remain above the support zone seen below.
As a result, we are looking to
buy after a
pullback this week, we would look to
buy near 1325.00 near - term support to 1306.00 key support or the 21 day ema,
on a 1 hr 4 hr or daily chart
buy signal.
Look for price action
buy signals
on a
pullback whilst prices remain above 1.2080 support.
This chart is still looking very bullish and we will watch for price action
buy signals at support levels
on any
pullbacks this week.
With the markets just reaching new highs maybe having a little cash
on hand
buying in, if there is a
pullback is something to think of.
Reason being is everyone has cash
on hand to
buy stocks because they are selling their positions in this
pullback we are in right now.
Buying more shares
on the
pullback that followed the announcement of its strategic revenue, he noted that Granite also has an opportunity to
buy back its own shares at a deep discount.