
Ep. 114: Ken Shreve: Deciphering Pullbacks To The 10-Week Line Like A Pro
Investing With IBD
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How to See an Orderly Pullback to the 10 Week Line
Volume on the bounce is important. And what you ideally want to see there because a gentle pullback in light volume, and then you get that strong bounce seems like a better situation than just a really sharp, heavy trade. Fortune brands has pulled back pretty gently. Stanley Black and Decker SWK was kind of a better example of a low, kind of low volume pullback after,. after a breakout on the daily chart. It's been trending above the 50 day line, you go to the weekly chart. Now, it's just kind of sitting right above the line.
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