JP Power, from single digits to double digits soon
JP Power is open for target of 10.35 as long as the level of 6 is not breached.. one can employ a strategy to buy in dips in this one as it is also retreating after breaching a multi month resistance line (orange descending trendline) Care should be taken as this is a most volatile counter.. with the financial institutions converting their loans into equity this might just be a tight ship sailing out of troubled waters...
Nota
a long term resistance trendline has broken..positive for the stockNota
time to book 50 percent of profits at 10Nota
Time to close the trade for risk averse traders...may go all the way to 11.30 but i am happy with my profits for the timeTrade chiuso: obiettivo raggiunto
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