Technically, CCJ registered a +10% gap-up breakout from an ideal round-shape cup pattern. Thus, it got our attention to follow up with CCJ. We decided to get in after four trading sessions on 12/11/2020 near 13 because 12-13 formed to support.
It went up well for the next few weeks.
Although there was a deep pullback almost wiped out all paper profits. But we held through it as 12.5 offered support level in volatile January.
Then, CCJ cannot wait to rally as outstanding volume came in on February 1, 2021, with +18% gains. Institutional investors decided to join the party. It boosted CCJ to our finish line with +25% profits.
It went up well for the next few weeks.
Although there was a deep pullback almost wiped out all paper profits. But we held through it as 12.5 offered support level in volatile January.
Then, CCJ cannot wait to rally as outstanding volume came in on February 1, 2021, with +18% gains. Institutional investors decided to join the party. It boosted CCJ to our finish line with +25% profits.