JACK trade ideas
JACK in the box Long OpportunityWeekly 61.8% Fibonacci retracement
Overall uptrend
Always use stops!
Cheers.
Long JACKAlternative to CMG and technically setting up well with recent break of 21d and 50d. See if it can hold horizontal support and break above 80.5.
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.)
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.
12% upside potential next 120 Days (BBT)Today's confirmation for bullish bottom triangle has a positive measured upside target price $87 next 120 days. Stop at recent swing low $70. Real-time alerts go www.2waytrading.com
Descending Continuation Bearish Triangle With TP $64Disregard other complex patterns but focus on the DCT that may be more reliable than the other pattern with the confirmation of FIB. Do ur HW before u open a new position and use SL that fits your risk/reward appetite. Real-time alerts www.2waytrading.com
JACK - Jack-In-The-Box - Daily -Ready to breakout!JACK is the owner of the fast growing Q-Doba restaurant chain and has been building a nice zone of consolidation and accumulation before its next advance to new highs.
The relative strength to the overall market has been impressive lately and relative strength has broken out of a 6-week range. My proprietary indicator I call "RgMov" shows how easy the market moves in one direction and it is pressing up against its all time highs here today. RgMov usually leads price breakouts.
The last earnings report has capped the advances in JACK shares since May and it looks like this is the fifth attempt on that KEY EARNINGS LEVEL and likely that it will push through it shortly.
The risk looks low to me here with a stop at 86.54 and upside to 99.92 from 89.72 last, which gives us a better than 3:1 upside/downside risk ratio.
As a side note, notice how well the red "sellers" zone catches all the "highest lows" of each rally phase and notice how the rising green "BUYERS" zone catches all of the "lowest highs" of each decline lately.
Give the stock market downdraft lately and the way this stock has held up, I think it's just a matter of a short amount of time until we find out why people have been buying this stock. Perhaps we have rising estimates coming down the road or sellers have lightened up to their proper weighting. Either way, the shift of buying is taking over here.
Tim 3:17PM Friday, July 10, 2015 89.72 last JACK
Bearish technicals with resistance at 93.40The high ADX indicates that this negative trend that has emerged since March is strong and thus trading in the direction of the trend would be advisable. The RSI is not oversold and the stock has backed bounce aggressively off its lower bollinger band back above the 20 day simple moving average. The MACD has already crossed up above the signal line indicating that the turn around from prior lows is likely already complete and thus there is little reason to remain long for a turn around trade. The price is currently trading around its downtrending resistance line. Stop above structure highs would be recommended. NOTE: earnings are due to be released soon.
JACK- Does Everyone Know What A RISING BEARISH WEDGE Look Like?11-6 Does everyone know what a rising bearish
wedge looks like while its building?
You are looking at one in the process of being built.
For informational and educational purposes only.
These are not recommendations, trade at your own risk.
Jack in a ChannelGreediness in shorting appears again
Stock price of JACK is currently traveling in accelerated channel within a normal channel.
First psychological resistance is 70.0
Intended to short all the way up as quarterly chart shows bearishness
1. Short 70.5
2. Short 72.0
3. Short 73.5
4. Short 75
P.S. very Aggresive short with no stop loss which can kill my account.
Jack In The Box - JACK - Daily - Big Breakout here, 52 week highNot many stocks on the 52-week high list today -
Qdoba seems to be just getting some attention; likely from CMG investors who are rolling funds out of CMG and into JACK.
Great action. Great chart. Great upside potential. Risk to $64, Upside to $80-$90. Subscribe to this chart or Look for follow-up charts with upside targets.
Tim 2:09PM 10/21/2014 69.44 last
JACK is BACK to a good level to buy - Jack In The Box - DailyQdoba Restaurants is on sale today in the market selloff.
Prices are returning to a decent entry level.
Target $76 in the next quarter. Risk 3 ATR's
Tim 2:45PM EST 64.50 last JACK
Jack OUT of the Box - JACK - Daily - Big breakout on volumeRepublishing JACK (Jack In The Box Inc) and the strong uptrend that was in place as new Qdoba Restaurants are opening and building momentum and investor awareness. Given how cheap JACK is relative to CMG, there is a very nice arbitrage play between a long position in JACK and a short position in CMG.
I'll put another chart together to show the setup.
Have a great weekend.
Tim 4:39PM Friday, September 26, 2014
Jack In The Box - JACK - Daily - Bullish Consolidation & trendPowerful, long term rally in place here in JACK ( the owner of Qdoba Mexican Restaurant chain - competitor to Chipotle Mexican Grill CMG).
The price pattern is similar to a William O'Neill "Cup & Handle" but it hasn't broken out yet above 62 or 63.
The last pullback held the "Key Hidden Level" in the low $58 area and has turned back up above the last 8 days worth of highs. If JACK moves through 62 and 63, it will bring a lot of attention to the stock and likely put it on the front cover of IBD (Investors Business Daily).
Risk 59, target 64-65.
Tim 12:54AM EST 9/2/2014
Jack In The Box Inc - JACK - Daily - Rising Wedge Into H&S TopJACK IN THE BOX INC - JACK
This is QDOBA restaurants - the Chipotle Mexican Grill competitor (from my perspective). Several QDoba's have opened where I live and they seem very similar to CMG to my untrained eye.
However, from a technical perspective (my "trained" eye), I see an EXHAUSTION pattern in the price action that suggests a meaningful amount of downside is possible here for JACK.
Do you see the H&S top and the rising wedge? Well, now you do because I labeled it. I had thought to leave it off and then click on the chart and have it toggle "ON" the graphics and "OFF" the graphics so you can see "BEFORE" and "AFTER".
Tim 57.58 -0.34 last 11:03AM EST June 3, 2014
Bollinger Band Confirming W BottomAn example of Bollinger Bands confirming a classic charting pattern, the W Bottom
