Trade Entry: POT

I entered POT today as a bounce play at $125.10. As I have been preaching, postion size is small.

Reasons for entry:
1. Stochastics oversold
2. Extreme weakness today
3. Positive divergences in RSI and OBV (indicators are making higher lows while price is a lower low).

Risks:
1. Continuation of downtrend
2. Negative market reaction to tonights bailout plan.

One thought on “Trade Entry: POT

Add yours

  1. MOS is down 20% AH on earnings. POT is also down to 115. I thought I will bring this to your attention. Btw, I am subscriber to your report and am learning a lot. I have the utmost admiration for your trading style.

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