Feb. 14 at 5:38 AM
TRADE REVIEW |
$JLHL swing
BTO JLHL @ 4.11
STC JLHL @ 4.76
CATALYST
Mostly technical due to a pop and fade technique
TECHNICALS
JLHL has been ranging in a straight channel for months with intermittent price spikes. Typically a low liquidity ticker with a low float an easily moved, JLHL saw a large momentum move to 11$ and a steep decline back to within its range.
Entry on the swing was after it had fallen back down to pre spike levels and bounced off the POC line. After seeing it bounce off the POC a few day prior, an entry was taken on the 6th, where it quickly hit the channel resistance near 5$.
On the 9th and 11th, JLHL saw higher lows and stabilized near the POC an saw another life expansion where we took profits
