JACK in the box: Earnings winner + Ascen.ding Triangle
Jack In the Box (JACK) was up today on earnings before getting stuck at the recent range highs which form the resistance line of a bullish ascending triangle continuation setup. I'm looking for a follow through breakout over 61.50 to start a position for a swing trade (few days/weeks) higher.
http://onlinetradersforum.com/attach...ack-jpg.38815/JACK chart update here. Testing breakout area on daily again. I'm long some with more defined risk level around 59 based on support there earlier in August.
http://onlinetradersforum.com/attach...ack-jpg.41177/Good morning Blaine, is it too late to play JACK? Is there any other positions you are currently in?
I still have some JACK, and I manage/open/close lots of positions each day.
Sold out my JACK today, 68.60's, will revisit dips or future setup. Nice swing trade though! Congrats if you made money here as well.