Look at its 21 dma.

This is a stock I wanted to buy more of today but it gapped and I don’t usually chase gaps. BIG volume and great RS since the market lows and bullish fundamentals. If this can put in a handle I’ll get VERY aggressive. Keep an eye on this group for low risk entries.

I can’t see it, unless I squeeze it like Brandt.

It would depend upon the setup and how wide/tight the pivot is. This is a pullback buy minervini of sorts whereby the gap made it a little wider than I would have liked. I already have a position so to add on such a gap was not a prudent tactic in my view.

Q: Is 4th pullback to the 20 day a caution?

I don’t look at that at all. I look at the volume and price action relative to the general market. The volume suggests institutional demand.

I don’t like much in the market right now, but this stock/group looks very constructive technically. Look at all the BIG volume up this right side of the base, classic signs of institutional accumulation.

Q: Would you consider yesterday action a buyable upside reversal? Seems the stock previously had other 3 that worked already, right? Also, did you check for estimate sales on this one or the chart, group and est.EPS worked good enough to make the buy?
A: great questions…I bought the first reversal but the answer is ‘yes’ those are spots to shoot against. In regards to fundamentals this is more nuanced than earnings & sales as I know the story VERY well and Spot prices are making new highs while stocks have been in bases

Itu upside reversal bar yang dimaksud. Ritchie beli pas upside reversal bar yang pertama. itu pullback buy.

ini yang Minervini jelasin ada 4 titik untuk 2 stage pb buy.

  1. pb pas di low cheat
  2. pb pas di cheat
  3. pb pas di handle
  4. pb pas setelah breakout

jadi, kita bs pb buy menggunakan 2 stage pb buy.

Perfect buy was on the day of breakout.

If missed it, I can utilize pb buy. In this case, this is pb buy after handle.

at point 1, I can buy when it turn up near the previous perfect buy. OR
at point 2, when open at inside day, and cross the previous day high. This is what minervini called two-step pullback buy entry. Then it squat and reversal recovery.

Q: if this would be a pullback buy situation.
A: Technically yes. Anything that pullback, goes inside, take the previous day’s high is a pullback buy. The key is where does it reside. For me for a pullback buy I want it to be in the base coming from the low cheat, cheat and the handle or possibly a pullback to the breakout after breakout. So you basically you have those four entry levels. That $AVGO would be coming from the cheat. The low cheat was already right before. And now you’re coming from the cheat. So yes, this would be a pullback buy.