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DDD bottomed?

DDD bottomed?

Postby Cobra » Sun Jan 14, 2018 5:50 pm

Part of on going bull spike scan test program (the idea should work but the entry and stop loss strategy is yet to decide: viewtopic.php?f=10&t=2738), not a recommendation to buy or to sell.

DDD had 2 days bull spike from a higher low (red arrow) so typical trading reversals setup (http://www.cobrasmarketview.com/trading-reversals/) therefore some chances it's bottomed. If the pullback in the coming days is very small or it just keeps charging up then it is bottomed, let's see. Personally I don't like to buy this kind of "might be bottomed" stock because it's against the trend but I believe most people actually are more afraid of buying stocks that hit 52-week high, they'd rather buy stocks hitting 52-week low because those stocks are cheaper...
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Re: DDD bottomed?

Postby Cobra » Wed Jan 17, 2018 5:30 pm

DDD pullback in the last 2 days was too big so now hard to say it's bottomed or not, at least I won't consider buying this stock anymore.
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