JOAN Short Entry: 7.58 Take profit: 6.26 Stop loss: 7.99 Risk/reward: 3.22
Hello there, This is an idea for JOAN, as you can see JOAN reached the previous support line. You can take profit all the way up ( green lines ). Our SL will be breaking the red line. Cheers 🥂.
JOANN Inc is engaged in the sewing business. The company provides fabrics, sewing supplies, yarn and needle arts, paper crafting, jewelry making, fabric crafting, craft lights, wedding decorations, and home decor products. It generates maximum revenue from Arts and Crafts and Home Decor products.
Here we have JOAN, making higher highs and higher lows constantly though these past couple months prior to their IPO. We are currently in the middle of their channel waiting at a short term support level to see if we get a fall down to the bottom end of the trendline or continue to POSSIBLY breakout to new ATH's which is what we are thinking over here! Recently...