PFE
is certainly a dog but, it has put in a higher low and the moving averages are starting to turn up. I like to go bottom fishing occasionally. PFE is my new candidate. I have an alert set just above the current price where it may move above short-term resistance, around the thin blue line.
If it triggers and I take this trade, I can put a stop close by at either the day low or the previous day’s low. All TBD.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Trade active:
PFE
I started a 1/2 sized position in this today and have my stop just under yesterday's low. Looks like a great risk reward to me here. Let's see what happens.
PFE
I started a 1/2 sized position in this today and have my stop just under yesterday's low. Looks like a great risk reward to me here. Let's see what happens.
Trade closed: stop reached:
PFE
That did not work out to well. Stopped at my pre-determined stop for about a 2% loss. Back on the watch list. If I take a new position in this I will post a new idea.
PFE
That did not work out to well. Stopped at my pre-determined stop for about a 2% loss. Back on the watch list. If I take a new position in this I will post a new idea.
Comment:
PFE
Has proven it is in fact a real dog... Off my list.
PFE
Has proven it is in fact a real dog... Off my list.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.