JFU - Chart Link- nice move up today on JFU.
remember this one produced an 80% move up on the first trade, then
last week I liked it for a re buy near the retest of former
resistance.
it's cheap and basing so the market gyrations not affecting this
stock like it had for big cap stocks
higher low right now around 1.5, or one could use that uptrend
line to give more room.
my style is to lock in some gains, which I have done from my
entry last week. Now if I wish to give the rest room the stops I
show here are all above my entry last week so guarantees a profit
unless you had a huge gap down.
as far as your question do I think it will take out recent
highs? I think there's a shot at that, would like to see more
volume come into it. I may need to chop around for a while,
anyway see the chart with stops
I will add one thing imelhoe for you to consider - when a stock
makes a quick move exceeding 10% from your entry consider taking
partial profits to lock in some gains. Define your style of
trading but you don't have to be 'all or none.' Trade what's
in front of you versus being consumed by targets that may never
materialize
JFU follow up
Posted by matt on 29th of Oct 2020 at 09:54 am
JFU - Chart Link- nice move up today on JFU. remember this one produced an 80% move up on the first trade, then last week I liked it for a re buy near the retest of former resistance.
it's cheap and basing so the market gyrations not affecting this stock like it had for big cap stocks
HI Matt, i got this
Posted by imelhoe on 29th of Oct 2020 at 10:44 am
HI Matt, i got this one on the retest of bottom, and wondering if you think it will take out previous high as i raise my stop.
nice job on catching that
Posted by matt on 29th of Oct 2020 at 11:15 am
nice job on catching that at good prices!
here's a 60 min chart of JFU
higher low right now around 1.5, or one could use that uptrend line to give more room.
my style is to lock in some gains, which I have done from my entry last week. Now if I wish to give the rest room the stops I show here are all above my entry last week so guarantees a profit unless you had a huge gap down.
as far as your question do I think it will take out recent highs? I think there's a shot at that, would like to see more volume come into it. I may need to chop around for a while, anyway see the chart with stops
tks very much for guidance,
Posted by imelhoe on 29th of Oct 2020 at 11:27 am
tks very much for guidance, Matt
I will add one thing
Posted by steve on 29th of Oct 2020 at 11:35 am
I will add one thing imelhoe for you to consider - when a stock makes a quick move exceeding 10% from your entry consider taking partial profits to lock in some gains. Define your style of trading but you don't have to be 'all or none.' Trade what's in front of you versus being consumed by targets that may never materialize
thanks Steve and Matt for
Posted by imelhoe on 29th of Oct 2020 at 12:28 pm
thanks Steve and Matt for your comments
exactly, an 8% to 10%
Posted by matt on 29th of Oct 2020 at 11:56 am
exactly, an 8% to 10% move, I'm automatically selling 1/2, that's my style