followed by backtest. Lets see how we close next week
Comments
DanV
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Thanks for sharing, Interesting chart. Though I would be careful on long on this one unless short term play on pull back. It could be one that could entice many breakout traders but would be disappointed. Safer trade I feel is to the downside on it tops in sub 25 zone. Here is the chart to show what I mean
JXMFinancial
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Nice chart. I do have a mental stop with weekly close under 19.31. Very little risk in play with entry. The rising wedge is a concern im watching. I also dont like that it trades like a small cap biotech. A retest of $8.91 would be extreme when you use fundamentals but you never know.
DanV
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Thanks. Agree with your comments. If it get caught in the down drafting it could be brutal. So one to watch.
JXMFinancial
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Nice continuation today. News on body cameras helped but chart showed interest back when it had that weekly close over 19.31ish. Im just swing trading this and moving stops.