RE: Beginners Questions
Hello again, Had a question about buying the pullback after a breakout. Easiest to use a couple of examples from the investor method watchlist. Would a volume validated breakout that then substantially pullsback on low volume be generally viewed as a nice discounted secondary entry point for an investor or is it considered somewhat of a failed breakout? SMTX had high volume breakout followed by 4 of 5 days of low volume pullback where price dropped below breakout price, put in the context relative to down week for the market. Or would seeing a consolidation pattern like SIMG and looking to enter above consolidation range be wiser? Essentially at what point is a high volume breakout considered failed?
Thanks