LJPC Daily Chart ~ Correction Underway It was an
Post# of 2559
Posted On: 03/16/2014 7:35:51 PM
LJPC Daily Chart ~ Correction Underway
It was an exciting last five days for those who held LJPC from the 7.30s to as high as 9.08 with me into last Tuesday when we all sold every share. Link back to my Mar 13 post regarding a possible re-entry in the 13.50s for a bounce. Although I, nor anyone else I know, jumped back in, the stock did hit a low of 13.50 to rebound into the 15.00s. I'm choosing to keep LJPC on watch until things settle down. Two things to note here with LJPC, the huge gap to 19.50 along with being just too overbought for my comfort levels. As is the case almost every time, take some or all off the table when the share price gets too far outside the upper bollie. I'm not saying that LJPC won't go up tomorrow, but there are a lot of other buses coming by so I'll keep this one on watch as it's still very extended. A couple of weeks of consolidation would be a good thing to cool off the indicators. GLTA
It was an exciting last five days for those who held LJPC from the 7.30s to as high as 9.08 with me into last Tuesday when we all sold every share. Link back to my Mar 13 post regarding a possible re-entry in the 13.50s for a bounce. Although I, nor anyone else I know, jumped back in, the stock did hit a low of 13.50 to rebound into the 15.00s. I'm choosing to keep LJPC on watch until things settle down. Two things to note here with LJPC, the huge gap to 19.50 along with being just too overbought for my comfort levels. As is the case almost every time, take some or all off the table when the share price gets too far outside the upper bollie. I'm not saying that LJPC won't go up tomorrow, but there are a lot of other buses coming by so I'll keep this one on watch as it's still very extended. A couple of weeks of consolidation would be a good thing to cool off the indicators. GLTA
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