iAnneTrader

JLL bullish after breaking 2007 high

Long
NYSE:JLL   Jones Lang LaSalle Incorporated
Now JLL has broken and retested the 2007 high ($124.99) there is room for price to move further to the upside.

There was a cluster of support at around $125 but it dipped just below this during the October pullback (which affected most stocks). It found support at the 50ma on the weekly chart but popped below the 200ma on the daily chart .

Since then price has cleared the more recent August high and yesterday a bullish flag was confirmed. In the last year this stock has trended well - a few of the pullbacks have been a little on the deep side but, other than October's, they would not have presented an issue to the longer-term trend trader.

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