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Weak

Chart to Watch - JMBA

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Jamba Inc. (JMBA).

I hope you are having a GREAT week!

This week let's take a look at a low priced stock that looks to have explosive upside potential.

All three MarketClub Trade Triangles Daily, Weekly, and Monthly are pointing up, which means all systems are GO for JMBA as of right now as far as the MarketClub Trade Triangles are concerned.

JMBA has been in a clear up trend and has hit a resistance area.

If JMBA breaks through resistance that will be extremely bullish price action, especially if the move through resistance happens on higher than normal volume, so please keep an eye on the volume, if JMBA continues higher.

The MACD is on a buy signal which is more bullish confirmation.

If you like low priced stocks, this is definitely a Chart to Watch -  closely!

Thanks,
Jim Robinson
Profit Trading.com

Comments

  1. Tuyet says:

    I'm on the 4th week of the MC trial, this is my first time to read the chart-to-watch blog, I like this option so I can learn how to use MC tool better.

    Thank you Jeremy.
    Tuyet

  2. robert says:

    When would you buy this stock when it gave a weekly signal or a monthly signal?

    • Jeremy says:

      We would have bought this stock on the Monthly Trade Triangle. We use the Trade Triangles the following way to trade stocks.

      Monthly Triangles determine trend and possible entry points.
      Weekly Triangles determine timing: exits, entries and re-entries.

      The last triangle issued on the monthly chart should always be used to identify the overall trend. You can also use the monthly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the weekly triangles for possible exit and re-entry points, or entry points if your monthly is in a steady trend.

      Key Rule: always trade with the trend. Make sure your weekly and monthly triangles correspond in direction.

      Best,
      Jeremy

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