IvanLabrie

#PBF: Weekly uptrend, increasing demand amid driving season

Long
IvanLabrie Updated   
NYSE:PBF   PBF Energy Inc.
I like the setup in $PBF here, 35% upside at least from here vs a 14% downside risk. I'll keep an eye on the target zone, as this could move even higher over time, until the forecasted rally duration pans out. We had some great trades in this stock since the March 2020 bottom, last weekly signal panned out perfectly before, I think it will perform once again.

Best of luck,

Ivan Labrie.
Trade active:

I bot this one yesterday, solid move so far, above all resistance levels. Let's hold patiently.
Trade closed manually:
Trade not yet stopped, but it needs to break out once again to confirm it is ready to rally once more. I'm not too keen on holding this, I have already gotten out myself.

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