No. of Recommendations: 0
I wonder if someone here can explain to me how to tell if a stock price is "consolidating?" I've been reading up on TA and one thing that I see often referred to is that after a stock gaps up to a new high, it will "consolidate" and then have another run up. Is there something in the charts that would tell me whether a pullback is "consolidating" or just sinking back to new lows?

The stock that I'm particularly interested in is HOFF as I bought this at $1.77 and then missed my chance to sell at $2.80 so am still holding those shares. My "gut instinct" is telling me to hold - there's a good possibility that HOFF will be back up in the short term and I can at least break even. Of course, this could just be wishful thinking too ;-)

Thanks for any help!

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.