Buying The Pullbacks | TG Watkins (05.28)
Your Daily Five • 9m 14s
A pullback is a pause or moderate drop in a stock or commodities pricing chart from recent peaks that occur within a continuing uptrend. As TG recommends, "cross, test, cross, test.
He compares a couple of charts for QQQ and points out that there are differences in an hourly chart and a daily chart. On the hourly chart, over the past few days, he's still looking for a previous situation compared to where there was a pullback. On the daily chart currently, the price is showing some positive strength. He also covers Papa Johns, Silver, Skilz, as possibles for buys on a pullback.
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