JLL Bounce Above TrendA down trend can be plotted in both scenarios and also in both scenarios a price jump above on the third test can be observed
In the first case this led to a price rise
We just need to wait to see if the price rise repeats in the second up bounce above trend line
The 200MA is kinda irrelevant but in both cases the up bounces (in green) are above the 200MA
JLL
JLL- Fallen angel pattern long from $94, & $90 & $95 March CallsJLL
Date First Found - November 15, 2016
Pattern/Why- fallen angel, bullish momentum
Entry Target Criteria- break above $94.00 (hit November 15, 2016)
Exit Target Criteria- Target 1 $114.00 Target 2 $143.00
Stop Loss Criteria- $85.35
Indicator Notes- strong improvement in Twiggs Money Flow, insider buying
Special Note- we would consider March $90 Calls @ $12.10 or March $95 Calls @ $9.00