NYSE: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
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NYSE: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
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NYSE: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.
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NYSE:PFE Has proven it is in fact a real dog... Off my list.
Not convinced about this one yet but looking forward to see the activity at 26 if it goes back there. This is the kind of stock that can play dead for the next months, or it can come back up like Frankenmonster. These people can turn things around but all the stars need to be aligned properly. :)
bahmana91
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You closed? Pump it
jaxdog
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@bahmana91, Yes, I am out as of Feb 26th at $27.01. I was hoping to get back in but it seems to me that my whole idea was flawed and this looks now like it will continue to decline. All TBD. It now needs to make a higher low before I would have any interest in it.
@MLY677402, I have no idea. My trades are based on levels and chart patterns. If it does what I think may happen I buy. If it then turns out to be wrong I have a stop loss to protect me. Thanks for asking.
ALEXADRU
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hello. can you please tell me which indicator you use to show you that table? thanks
jaxdog
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@ALEXADRU yes, that is an all in one indicator. Click the link below and give it a free test drive. I think it’s the best indicator setup out there.