Entry time: 10.49 EDT. Exit time: 11.46 EDT. Entry price: $23.71. Exit price: $24.15. Strategy: Reversal long. Net profit: 41 cents/share. Criteria for taking the trade: 1. The market is in uptrend in the short term (SPY daily chart below). 2. JCP has visited a strong support (daily chart below) and it stopped exactly at its lower point. The possibility […]
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