Posted On: 03/23/2014 3:11:34 PM
Post# of 2561
LJPC Daily Chart ~ Still On Watch for a Re-entry
LJPC was a beast for a few of us just two weeks ago while it's been a real dog for others who bought into that gap and trap outside the upper bollie in the $18.00/19.00s. Those of us who were in LJPC from the 7.30s to 9.05, obviously did extremely well when we sold (link back) for gains close to 150% over a few days along with a couple of swing trades prior to the huge move. The 12.65/12.70 level is attempting to become a bottom, but with the MACDs curling and still in very high territories, I'm simple watching and staying patient. There are still a number of brokerage firms with price targets ranging from $27 to $32, but using the charts as a tool will be the tool I'll use for entries and exits. Until the MACDs reset, my thoughts are that the gap from 12.65 to the low 11.00s could still be seen prior to the next leg up. Obviously news trumps technicals, but if we miss the next move in LJPC, there are over 45,000 other buses to catch. GLTA
LJPC was a beast for a few of us just two weeks ago while it's been a real dog for others who bought into that gap and trap outside the upper bollie in the $18.00/19.00s. Those of us who were in LJPC from the 7.30s to 9.05, obviously did extremely well when we sold (link back) for gains close to 150% over a few days along with a couple of swing trades prior to the huge move. The 12.65/12.70 level is attempting to become a bottom, but with the MACDs curling and still in very high territories, I'm simple watching and staying patient. There are still a number of brokerage firms with price targets ranging from $27 to $32, but using the charts as a tool will be the tool I'll use for entries and exits. Until the MACDs reset, my thoughts are that the gap from 12.65 to the low 11.00s could still be seen prior to the next leg up. Obviously news trumps technicals, but if we miss the next move in LJPC, there are over 45,000 other buses to catch. GLTA
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