4min chapter

Investing With IBD cover image

Ep 173: Ken Shreve: How To Buy Stocks With Bottoming Bases

Investing With IBD

CHAPTER

How to Predict a Stock's Bottoming Base

Ollie's was pretty far off its highs if you you know look at where it topped out so is there anything as a precursor I mean pattern recognition is picking up the base? Well first of all you need a prior uptrend and that's the most important thing about a bottoming base because people will see a stock go 20 percent 30 40 50 percent off off their high. You can see in Ollie's relative strength line really started to swing nicely higher when it moved above its its 200 day moving average on June 16th. That has turned into a nice a nice winner just in a small group of stocks I'm holding with a nice profit  and hope to be able

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode