But it's not as easy as looking at a chart, recognizing the resistance and then
buying after a breakout.
Not exact matches
The next chart shows the subsequent
breakout action
after identifying this stock as a Trend Reversal
buy setup:
After buying the
breakout to new highs in early September, $ TAN consolidated for a few more weeks, then ripped higher as volume began surging higher again.
The first pullback to the 50 - day MA
after a major
breakout is usually a low - risk
buy entry point for those who missed the
breakout.
On August 21, 2013, we
bought Yelp, Inc. ($ YELP) in The Wagner Daily newsletter, as the stock pulled back to near - term support
after a massive
breakout (click here to see our original analysis of $ YELP on day of
buy entry).
Bar 14 -
Breakout pullback
buy or long, always in long
after double bottom and consecutive bull bars, but bear bars, possibly sellers above or probably sellers at the high of the bar scaling in higher