$PFE Ready for Bottom Fishing?

Feb 16

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.

Feb 23

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.

Feb 26

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.

Mar 4

Note

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