JPHYDRO at 86 on Aug 5 Got 20M volume yesterday. It wants to challenge the high at 103 (June 5 at 80 M volume). The volume seems to have tapered out and fresh buying is happening. It needs volume in the 80M range to take out the 103 high and move to higher ground. If it gets the volume and take out 103, it can go to 140.
Opportunity: Enter at 86, but with a firm stop loss at 80. Caution: If it doesn't hold at 80, can get to 60 ina heartbeat.
3 Comments:
JPHYDRO at 86 on Aug 5
Got 20M volume yesterday. It wants to challenge the high at 103 (June 5 at 80 M volume). The volume seems to have tapered out and fresh buying is happening. It needs volume in the 80M range to take out the 103 high and move to higher ground. If it gets the volume and take out 103, it can go to 140.
Opportunity: Enter at 86, but with a firm stop loss at 80.
Caution: If it doesn't hold at 80, can get to 60 ina heartbeat.
JPHYDRO at 79 on Aug 10
This one got away and heading to 72. Heading down on low volume, will present a better buying opportunity.
JPHYDRO at 81 on Sept 11
Volume has come down to 3M and the stock is holding steady in the 80-88 range. Looks quite strong. It should hold above 75.
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