A pullback is a temporary reversal of trend, before a stock continues in the direction of the initial movement. Key is whether move is a change of trend,or just temporary retracement/ pullback. Technical analysts (chartists) typically focus on volume. A pullback (temporary reversal) tends to have less volume of shares traded per day than the initial movement. And is a time when traders take profits and longer term investors accumulate.
WME Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
