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Novo Nordisk $NVO
Incredible company. Horrible stock price. Has received alot of attention due to how much its fallen since its ATH but there HAS to be a strategy in buying bottoms.
A bottom is a process that takes time. Opportunity cost is real. If you've been invested in this one and you thought it was going to turn around sooner and now you're "stuck" that is a big loss of time
Using TA we can ascertain HOW to buy a bottom...History has even shown us 4 times in the past in other bottom formations
You buy the breakout and reclaim / retest of the 21 monthly EMA.
Its literally that simple. Yes you don't catch the exact bottom but you buy when the first sign of a trend recovery takes place.