· Check the fundamentals to make sure it’s a good stock otherwise and it was only a pullback or a correction.
· Check the overall market to see what the market is doing and also check if your stock is correlated to the overall market.
· Check the sector your stock belongs to and check how the overall sector is doing. You can simply check a sector ETF.
· Check different time frames. If you trade the daily chart, check the weekly chart too.
· Check some of the indicators if they show oversold condition.
· Look for bullish divergences.
· Identify support levels.
· Check out moving averages in different time frames, they could provide support too.
· Use Fibonacci retracement levels to identify possible bottoms.
· Use Elliott Wave Analysis to see if the correction or pullback has ended.
· Check the volume to see if selling is decreasing and buying is increasing.
· Look for bullish candle stick patterns.
· Check your indicators to see if there are any bullish signals.
· Check the Put/Call ratio to see if it has been decreasing.
This checklist can be helpful to identify if your stock is bottoming with high probability. In a similar manner it also can be used to spot tops.