RE: Stage Analysis Beginners Questions
On IBD they noted an alternative buy point would be on pullback to the 50DMA. Would that be on the 2hr chart? That's what I did - added to FCEL @11.07 which was at the 50DMA on the 2hr chart. However, it didn't have above volume when I purchased it about an hour after open, but hour later volume came in and the stock is up 11%. I was hesitant since it didn't have the volume at the time - but I broke my rules hoping it would work out - got lucky I guess. I was also watching support at around 10.60 - 10.75. Do you ever purchase at support then wait for the bounce? Thanks I'm learning how to read all the different time frames.