Pullback Chart Example

The trader talks about a pullback buy signal which occurs when the stock is in a good uptrend and pulls back to its uptrend line.  This is where traders will add to their existing position or even initiate a new position.  On the flip side, short sellers will look to buy to cover their short position on these pullbacks from the uptrend. 
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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