HI Matt, i got this

    JFU follow up

    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

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!