JJU (aluminum ETN) just hit the minimum price target (primary uptrend line) hit for a quick ~14% gain with a reaction likely here and/or down to the 55.70ish support level just below.
JJU daily Oct 27th
JJU was first highlighted as a short trade idea in the Oct 12th Swing Trade Ideas video about two weeks ago (screenshot from video below.
JJU screenshot Oct 12th
A second objective add-on or new short entry was also highlighted in the Oct 21st trade ideas video when JJU took out the minor uptrend line (screenshot below.
JJU screenshot Oct 21st
With the odds for a reaction off this initial drop to the primary uptrend line (and/or the 55.70ish price support just below), active traders might consider booking partial or full profits and/or lowering stops if holding out for more downside. I’ve also listed a likely bounce target around the 59.50ish resistance level, on the updated chart at the top of the page.