Friday, July 6, 2007

JSDA - bottle shaken up

Someone shook up the bottle enough for the intraday price movement to move it above resistance on the 25% short covering. If JSDA can hold on to this momentum and can close above $17.00 then this will be a setup in the making for a longer term swing trade. A 7% one day gain will be nothing compared to a many week swing trade that reverses this trend and brings JSDA back into an up trend for gains in the double digits.

Beware of panic short covering. If the company is still "out of flavor" with the big money then the one day pop turns into a many day poop. That is why we establish a setup to determine the longer term movements.

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