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Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market Charts & Graphs » What is a Pullback and Why it Might Indicate a Buying Opportunity

What is a Pullback and Why it Might Indicate a Buying Opportunity

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VALUEPICK

VALUEPICK
Expert
Expert

A pullback occurs when a security falls back from its peak price. It’s known in the day trading business as a buying set-up because many traders see a pullback as a pause in a continuing upward trend. Pullbacks often occur after a security experiences a significant price increase. New traders should be cautious as they learn how to trade pullbacks, as the drop in price could be the start of a trend reversal. But with practice, day traders can learn to differentiate between buying opportunities and trend reversals…and ultimately generate consistent profits.

There are a few different things to look for when identifying a pullback as a buying opportunity. Pullbacks are best used as a day trading set-up when many traders have just exited their positions, creating a low-risk buying opportunity. Below, please see an example of how to trade pullbacks.

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Notice how at each arrow a buying opportunity presents itself. The stock gets sold, and a strong uptrend emerges. The reason this uptrend is a quality day trading buying set-up is because it’s defined by higher pivot highs and higher pivot lows. The price should always be above the Simple Moving Averages (SMA), both the shorter-term SMA and the longer-term SMA. Traders looking for a day trading buying set-up should try to find a pullback that ends near a rising SMA.

Learning how to trade

 pullbacks will undoubtedly lead to profitable buying opportunities. At Wall Street Trading, getting new traders to understand day trading buying set-ups like pullbacks is key to launching a day trading strategy that works for you!

VALUEPICK

VALUEPICK
Expert
Expert

VALUEPICK

VALUEPICK
Expert
Expert

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
Great Article ValuePick !

EquityChamp

EquityChamp
Moderator
Moderator
Where is this guy now. Haven't seen anything from him recently.

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
Might have moved To another place

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
EC do you think it is a smart move to buy into Tokyo cement at the current price ? Don't you think it's a bit too volatile ?



Last edited by Bullrunner7 on Wed Aug 24, 2016 11:52 pm; edited 1 time in total (Reason for editing : Spelling !)

EquityChamp

EquityChamp
Moderator
Moderator
Look at the price appreciation of it. Came from 40s I think. Better to wait till the RSIs fall into 50s or 40s. thanks.

kapifm

kapifm
Manager - Equity Analytics
Manager - Equity Analytics
EQUITY CHAMP,

please share your thoughts on BFL /AEL and DIST

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