He joined his private access program, a paid educational platform for trading stocks, where he spent a year learning the content.
The stock's price should pull back organically, meaning the volume parallel to the downward price move should be gradual.
On a daily chart like the one above, it's based on the past nine days.
If the stock's price doesn't fall below it or forms a support line, it signals that the price could likely retrace and increase.
Instead of entering five to 10 trades daily, he now keeps it at two to three.
Persons:
Goverdhan Gajjala, William O'Neil, Gajjala, Mark Minervini, It's, Minervini's, Norman Zadeh, Zadeh
Organizations:
Service, Investor's Business Daily, US, EMA, Health Intelligence
Locations:
Dallas