You have to learn how to buy relative strength names on weakness... Every leading stock eventually pulls back I like to use the 8 & 21 EMAs as areas where strong momentum names can find support during those pullbacks BUT... The mistake most traders make is blindly buying the second price touches an EMA An EMA is NOT an automatic buy signal It’s an area where you should start paying attention to how price reacts Instead of guessing that the moving average will hold, wait for confirmation that buyers are actually stepping back in Two of my favorite confirmations: 1. UNDERCUT & RALLY Instead of buying directly at the EMA, let price undercut the previous days low If price trades below the previous days low/range low, flushes out weak hands, and then quickly reclaims the level, that
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