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Monday, March 04, 2013

James River Coal Company

This morning Long trade setup is James River Coal Company (JRCC.) Using the prior demand zone on the 30 minute chart I placed two limit entry orders. Profit target is above at $2.67 using the 5 minute chart supply level.

UPDATE: 3/5 Entry limit hit Trade still open.

UPDATE: 3/6 Trade still open.

UPDATE 3:8 Trade Clsd. +4% 
Profitable trade.  I did not hit my profit target. It is Friday, the stock was not moving fast. Flat for the weekend. Looks like she is trading up to .66 now .03 off my profit target.



Chart is from TradeStation.

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