the recently posted CCJ long did trade below the suggested stop level under 20.20 on the shorter, 15 min time frame but it didn’t get far below that the key support posted on the daily chart. therefore, i’ve kept this on as an active trade for swing-traders and investors and i still have the shares i posted taken as a hedge to my shorts about a week ago.
i still like the trade for a potential longer-term swing trade or investment candidate but for shorter-term traders, i think the odds are good for the original intermediate targets to be hit if CCJ can break above this 15 min channel.
