Thread: JACK in the box: Earnings winner + Ascending Triangle

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  1. #1

    Default JACK in the box: Earnings winner + Ascending 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.
  2. #2

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    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.

  3. #3

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    Good morning Blaine, is it too late to play JACK? Is there any other positions you are currently in?
  4. #4

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    I still have some JACK, and I manage/open/close lots of positions each day.
  5. #5

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    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.

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