After a long period of consolidation, a target suddenly shows a significant increase. These types of targets require more attention, and a pullback can be an entry point.
Reason: After a long period of consolidation, the stock is relatively light. When the market moves, the operators also want to make profits. The first wave of price increase and subsequent pullback usually shakes off some of the previously trapped chips. After a hard-won rally, many trapped investors worry about another drop, and they will choose to exit first. The remaining investors who don't sell at a loss are considered dormant chips. However, the operators will definitely push the price higher later. Without market following, there is no space for unloading.
You can review many targets regarding this point, such as the fan sector, especially $SANTOS, which exemplifies this trading method.
There are many methods for selecting targets, but I won’t list them all here. In summary, review more charts, keep an eye on the market, and read news to cultivate your market sense and sensitivity. Finally, I hope everyone can achieve results in this round of market.
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