Respect the wedge $JNUG
Long on $JNUG for the 5th contact point and breakout above 10$
I don't anticipate this thing riding along the bottom line, so a mental stop has been set at $8.50 but this think likes to make some pretty big intra day percentage swings, so a daily or 4hr candle close below would be more convincing of break in trend.
PT 1 - $10
PT 2 - $11.55
PT 3 - $13.15
I don't anticipate this thing riding along the bottom line, so a mental stop has been set at $8.50 but this think likes to make some pretty big intra day percentage swings, so a daily or 4hr candle close below would be more convincing of break in trend.
PT 1 - $10
PT 2 - $11.55
PT 3 - $13.15
Trade closed manually:
Either the wedge was drawn too tight or it's disrespected the wedge... rude.
I won't be playing it personally although still interested in checking in to see how this plays out over the next few weeks
I won't be playing it personally although still interested in checking in to see how this plays out over the next few weeks
Comment:
I could see a possible salvage around 8.27 but below that I think we'd see a full on break of pattern
Trade closed: stop reached:
stopped out at 8.25