This classic
Bottom Fisher stock trading setup was found by the Oz
Scanner when NBTY stock was trading at
10.79. The low of the trading day was
10.70. An entry at 10.79 and a
stop loss at 10.62 gave us a risk of 15
cents. The price target for this
stock trade was based on simple support and
resistance, and I was looking at the 20
Day Moving Average (in blue) as a
neutral price target. What I liked
about this setup was that this stock was
extremely oversold. It found
support at 9.25 which was slightly lower
than the low made in June (horizontal
blue line). The stock formed a
reversal (hammer) candle and was moving
higher today.
Stock Trading Education
Learn stock trading from our free online stock
trading videos, lessons, and trading course
www.tonyoz.com/stock-trading/stock-trading.html
Stock
Market Trading Online
Looking for online stock market trading?
Our
stock market trading tools
help you know when to sell
Online
Trading Stock
Online stock trading for daytrading, swing trading
and trend trading in the stock market
