new stock - PKTR
thought i'd mention a stock i bought yesterday that fits my methodology -
PKTR(low-medium risk trade)
1) over-sold about 2 weeks ago based on missed earnings based on my indicators.
2) good fundamentals based on my analysis
3) double dip (in stocks i've been tracking, they seem to get a nice strong rise after a dipping for a second time)
4) doji tuesday, with a confirmation of an uptrend yesterday.
5) stock strong at the end of yesterday
6) CEO reaffirms guidance for 4th quarter
7) avg volume 655K (i like stocks with good volume)
exit strategy - 10-20 percent (8.80-9.50) gain or goes below the 2 dips(7.40 to 7.50 range).
PKTR(low-medium risk trade)
1) over-sold about 2 weeks ago based on missed earnings based on my indicators.
2) good fundamentals based on my analysis
3) double dip (in stocks i've been tracking, they seem to get a nice strong rise after a dipping for a second time)
4) doji tuesday, with a confirmation of an uptrend yesterday.
5) stock strong at the end of yesterday
6) CEO reaffirms guidance for 4th quarter
7) avg volume 655K (i like stocks with good volume)
exit strategy - 10-20 percent (8.80-9.50) gain or goes below the 2 dips(7.40 to 7.50 range).

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