New Setup: JBTMJBTM : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the 'setup candle' high. If triggered, I will then place a stop-loss below the 'setup candle' and a price target above it. **Note: The above setup will remain valid until the stock CLOSES BELOW my 'setup candle' stop-loss level.
JBTM trade ideas
JBT Marel (JBTM): Food Processing Tech Fuels Market GrowthJBT Marel Corporation (JBTM) is a global leader in food processing and automation solutions, providing innovative systems for food production, packaging, and preservation. The company helps businesses improve efficiency, safety, and sustainability in food processing, catering to industries like meat, seafood, and dairy. As automation and demand for high-quality food production increase, JBT Marel is positioned for growth with advanced technology and a strong global presence.
The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens.
Using a trailing stop helps traders secure profits while managing risk. By setting stops based on Fibonacci levels, traders can stay in the trade as long as the stock trends higher while protecting gains if momentum slows. This approach prevents early exits while ensuring profits are locked in if the stock reverses