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JACK

JACK - Support breakdown short from $92.77 JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label. * Trade Criteria * Date First Found- March 2, 2017 Pattern/Why- Support breakdown Entry Target Criteria- Break of $92.77 Exit Target Criteria- Momentum Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:JACKShort
by AcornWealthCorp
JACK/CMG: Great pair trade setupJACK offers a terrific short setup against a low volume resistance level, and two historical key earning levels. The spread with CMG makes it a great candidate for a pair trade, aiming to capture the profit from both the JACK short, and the CMG long. CMG has to rally to catch up to JACK, and JACK is overextended and will revert back to the mean. You can size each leg with 3 times the daily ATR as risk, or use a more technical stop loss derived from price action (I won't detail that in this publication though). We are in this trade, it's one of the trades I shared with my clients this week, among others. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
NASDAQ:JACKShort
by IvanLabrie
2
CMG: Potential trend reversalCMG has been accumulated in this zone for an extended period of time, and currently taking off from the uptrend mode. We're long with my signals group from the 405 mark. The stock had very negative sentiment due to a case of food poisoning, but currently, there is no reason for it not to rally from here, to catch up to the likes of JACK, for instance. After earnings come out, I'll monitor the formation of a new 'key earnings support' level, and decide wether to add to longs, or simply invalidate the setup and exit if we break down forcefully under 400. Our current stop loss is wide, to accomodate for volatility, and because this is a potential longer term position. I'll update the publication as we move forward. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
NYSE:CMGLong
by IvanLabrie
Follow Up On MagicJack no 21 minute positive bar opening.Our candidate last night had 2 indicators but it had two problems.. It was in the daily cloud and it was right under the 200 DAY MOVING AVERAGE. As with all our candidates and included in our book of the rule of entry, you must have a positive opening candle to enter into a possible candidate. I like a good, strong 21 minute bar some other people use 13. Thus, today we got no entry into our candidate, it's very important you follow all the rules for entry, exit and stop losses which appear on our book Pennies to Thousands.
CLong
by penniestothousands