Because such price action occurred after an extended, four - week rally, we made a judgment call to raise the stop to just below the two - day lows, which would enable us to lock in a very large gain in
the event of another pullback.
The moving averages are also near the descending trend line, adding extra layers of resistance in
the event of another pullback.
Also, the moving averages could hold as near - term resistance levels in
the event of a pullback.
Not exact matches
That dynamic will only strengthen in the
event of a general
pullback of private funding, predicts Jeff Grabow, Ernst & Young's Americas venture capital leader.
After the price
of $ BITA spiked above the $ 20 level, we made a judgment call to trail a tight stop below the prior day's low in order to lock in gains in the
event of a sharp
pullback.
In the
event of a reasonable market
pullback (say, a few percent), and assuming market internals were still intact at that point, I would be inclined to increase our call option position toward about 2 %
of assets, which would provide good exposure to any market advance that might begin from that lower base.
Incrementally adding to new holdings by taking advantage
of any
pullbacks may be the best opportunity to increase your exposure in the
event you are underinvested.