JDSU filling it's gap
The prior gap up from 3 looks Ok as long as it continues to hold support at 3, just be very careful that support does not breakdown. Today was a small gap down and if 3 fails to hold support you could get a repeat of last months decline, only perhaps to 2.50. Notice beginning of July the gap down under 3.50? That set up an island top for the end of June and it has not recovered 3.50 as support since then, so trend down still from that point. Any significant close below 3 and you might want to look at some Puts.
Good Luck Spark! :^)
The prior gap up from 3 looks Ok as long as it continues to hold support at 3, just be very careful that support does not breakdown. Today was a small gap down and if 3 fails to hold support you could get a repeat of last months decline, only perhaps to 2.50. Notice beginning of July the gap down under 3.50? That set up an island top for the end of June and it has not recovered 3.50 as support since then, so trend down still from that point. Any significant close below 3 and you might want to look at some Puts.
Good Luck Spark! :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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