So you missed the breakout and you’ve watched the stock go up without you. Now, you’re waiting for an alternative entry to get you into that leading stock or you want to add to an existing position. A three-weeks-tight is just that opportunity.
In some cases, leading stocks won’t give you another opportunity to get into the stock. They’ll stair-step their way higher without building a new base, so savvy investors will be on the lookout for these short areas of consolidation.