Stock consolidation patterns give investors potential to take up new positions in trend following or even add on a successful position. When adding or pyramiding, one should not get to top heavy. When I add to my stock positions, I will only add 10% of my position size on any consolidation or even pull back to the 50 Day moving average.
Below are some examples that are on the watch list:
AEIS at $64.63 is in a buy range above $63.85 buy point in 5 weeks tight pattern.
ANET at $124.17 is in a buy range above $123.22 buy point in 3-weeks tight pattern.
CMA at $72.16 is in a buy range from $71.30 flat base entry.
MRCY at $38.16 is near a $38.63 buy point in 4-weeks tight pattern.
