It can be seen in Figure 7.3 that Johnson & Johnson appeared to be reaching a low today around 11:00am. Countertrending can involve blind buying of stocks when they appear to be at a low, without using any other indicators. This method is extremely risky and demonstrated here by the purchasing of 384 shares at $65.13 for a total investment of $25,010. This is with the hope that the stock price will soon raise again to the prices they were a week ago, at which point they will be sold.