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!Vyckie
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra