Symbol: JBHT
- Remember my failed trade from yesterday on JBHT?
- For what reasons? I don't know! But I decided to revisit JBHT, not for potential trades, but to just see if there were any opportunities
- The first chart shows how JBHT performed today, along with notation of my entry and exit from yesterday
- As you can see, JBHT totally surpassed yesterday's performance and moved on to (almost) reaching my yesterday's target of 138% Fib (from day-before/yesterday)
- The second chart is a Daily Chart (kind of) showing why JBHT resisted at where it resisted today. Sort of like a Pivot Point.
- In fact, today's performance on the Daily Chart painted a very nice Bullish Engulfing bar. A very strong bull signal, if confirmed its run tomorrow.
- I have added JBHT to the watchlist that I have just started building. (Something that I want to start doing for 2008.)
- Please! Please feel free to comment on your observation. I would like to hear your opinion.
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