As mentioned last week, numerous trade ideas have recently hit one or more profit targets. For categorical purposes, static charts are posted as profit targets are hit on the trade ideas on RSOTC. This provides a pictorial history of the trade ideas from trade setup, breakout/entry, and how the stock reacts at each profit target, [...]
In taking some time off this week, I just noticed that several of the active long Growth & Income Trade Ideas have recently hit an initial and/or final profit target. I have a few things outside of trading to take care this morning but will post updated charts on each of these trades later today [...]
This video covers all of the Growth & Income Trade Ideas currently listed on Right Side of the Chart in the following order: FFC, JPI, NLY, NMO, NSL, & RNO.
JPI went on to kiss the top of the falling wedge followed by one last pullback within the pattern before breaking out... all-in-all, bullish price action so far. Initial target remains as marked although my preferred sell level has been added. Previous & Updated daily charts:
JPI will be added as an Active Long-term Trade Idea with stops and targets TBD. As this closed-end fund may or may not need one more thrust lower with the falling wedge pattern, I prefer to use a scale-in strategy to accumulate a position. The most likely first target will be the 23.20 area although [...]