$JBL Measured Move... Short Signal?

BATS:JBL   Jabil Inc.
Here we are looking at JBL on daily TF...

As you can see, this is a comparison idea of the current up trend to that of the uptrend before this one. In the previous uptrend, JBL climbed 50%+ in its measured move, and what followed it was a steep correction.

Currently, JBL has climbed about 40% in its recent uptrend, and has had 6 consecutive green days. This tells me that JBL could be getting to the top of its current measured move.

Thus, this may be a good time to consider taking profits, or entering into short positions if this measured move plays out similarly to the previous.

As always, this is not intended as financial advice, and is merely just an informative trading idea...

Trade safely, cheers!


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