GREY:XEBEQ - Post by User
Comment by
Trayderron Feb 19, 2021 1:05pm
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Post# 32610861
RE:Capitulation and convincing reversal
RE:Capitulation and convincing reversalIn my opinion it's not quite as simple as buying on red days...otherwise you'd be buying every other day for the past month and pretty soon you're way overinvested in the one stock. A common approach is to wait at least 2 days before getting back in, to confirm the uptrend is real, and safe-guard from short-term false-starts. It's okay to miss out on the very bottom, and it's okay to buy higher than you sold in certain cases...the direction is the important thing. When a stock zig-zags sidways it's hard to see direction, but in XBC's case, the downtrend pattern is plain to see over several weeks.