JAN on watch for bullish continuation LONG
Updated
JAN had earnings but I cannot find the report. It is trading with heavy volume and it shows in
the price action. Price has pulled back in the after-market in a standard Fibonacci retracement.
A pullback is appropriate here as price has gained 250% in a month. I see the pullback
as healthy and JAN is now well positioned for another bullish continuation. Volatility
and volume supports the conclusion. I will set a stop loss at 10% and targets at 50%, 75% and
100% to take partial profits on an anticipated trend up. Alerts will be set onto a set of
moving averages on the 30 minute time frame to detect death cross unders. Once profit is
hits 10% I will change the stop loss to a trailing 10% stop loss and once above 75% make the
trailing loss 5% and once over 100% change it to 3% so I can let the trade run itself from
those orders.
the price action. Price has pulled back in the after-market in a standard Fibonacci retracement.
A pullback is appropriate here as price has gained 250% in a month. I see the pullback
as healthy and JAN is now well positioned for another bullish continuation. Volatility
and volume supports the conclusion. I will set a stop loss at 10% and targets at 50%, 75% and
100% to take partial profits on an anticipated trend up. Alerts will be set onto a set of
moving averages on the 30 minute time frame to detect death cross unders. Once profit is
hits 10% I will change the stop loss to a trailing 10% stop loss and once above 75% make the
trailing loss 5% and once over 100% change it to 3% so I can let the trade run itself from
those orders.
Trade active
Update as per linked chart 
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