pardeepk

PX good double bottom + 0.50 fibonacci retracement

Long
BATS:PX   None
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0
Looks like a good stock to buy because of strong support at around 103.30.


Reasons to buy:
1. double bottom
2. strong RSI increase
3. 0.50 fibonacci retracement matches double bottom
4. volume spikes near double bottom area meaning that people are buying

EXIT: Conservative approach: When price hits trend channel
Risky approach: exit at multiple top ~ 109.00 area

STOP LOSS: 100.00

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