UK Stocks and ETFs - Watchlist and Discussion

[isatrader]

any thoughts on buying PFD on this pullback?

Is more than a pullback imo, is a failed Stage 2A breakout, and is now well back within the Stage 1 range again as has pulled back over 70% of the previous move.

So I'd class this one as Stage 1 again, and would need to recapture the original breakout level again imo or at least a close above the 50 day MA to consider again. But others may think differently. But as a rule, I always try not to go long below the 50 day MA personally.