Consolidating class c commodity inventory

Posted by / 08-May-2020 09:49

Consolidating class c commodity inventory

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The biggest limitation to trading pullbacks is that a pullback could be the start of a true reversal.

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A pullback is a pause or moderate drop in a stock or commodities pricing chart from recent peaks that occurs within a continuing uptrend.

Similarly, it could be a negative settlement, a new competitor releasing a product or some other event that will have a long-term impact on the company underlying the stock.

These events, while happening outside of the chart, so to speak, will appear over several sessions and initially will seem much like a pullback.

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Traders should carefully watch these key areas of support since a breakdown from them could signal a reversal rather than a pullback.