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.
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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.
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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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PFE Has proven it is in fact a real dog... Off my list.