Some stocks have many entry points on your list. When the market sells off it is good time to look again . Which entry point shall I use the original [buy point] or the new one?

This is a new one and a good one and we will look at it in the context of a stock that has made the move we wanted and is pulling back. There are quite a few report plays in that position right now. The primary consideration on a pullback from a good move is whether the stock is able to hold support. A strong stock will use the pullback to shakeout the short term holders, and when demand outstrips supply (i.e., the sellers are gone), the stock moves back up. The buy point on that can vary depending upon your category of risk. Some want to see the stock move back over the previous high before the pullback so it clears potential resistance at that last high. That is fine as it does clear resistance, but it also can cut off part of a nice gain for a strong stock that is ready to make another run.

If the stock is a strong mover with good accumualtion and price/volume action, we are inclined to step in when we see the stock make the bounce on rising volume. That signals to us that support has held and that big money is moving in to buy the stock on this pullback. We want to move in when that big money makes its move.

Thus, we would be inclined to look at the buy point closer to the price as the stock starts to bounce. Those points are typically picked as they allow the stock to clear resistance before the initial buy is made. That may be a bit too high as well, however, and you could give up a portion of a nice gain as outlined in first method. The key is having a solid stock that is moving well and thus won’t be so deterred by the prior resistance. Indeed, it most likely has held close to that point on the pullback. Then you want to see that solid bounce on volume and moving in at that point.