Short-Covering vs. Buying- How to Spot the Difference | Game Plan Replay

Short covering versus buying looks the same to the untrained trader…

Video Training: We discuss how to interpret when a stock rallies after a down trend, and how to forecast the next move in price action.

There is a very distinct difference. When you understand how to spot it, you will be able to eliminate a short-sale that has a lower probability to make new lows, as well as you will get great, early entries on a potential new trend.

Short covering in WYNN vs. new buying in LNKD

short covering wynn     lnkd

 

Video Replay: Pre Market Game Plan Meeting | June 10

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Leave a Reply 3 comments

William Reply

Nice!

Daniel Reply

Thank you Pete and Marian for this lesson on short covering vs. buying.
What if short covering could give rise to a new trend?
Have you ever seen it?

Have a great night,
Daniel

    Pete Renzulli Reply

    Hi Daniel
    It could absolutely happen.
    We were teaching to read the type of price action so you can set expectations.
    If I had to give it words “every pull back is not the same.”
    thank you for the question! 🙂

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