Replies to post #17 on Jounce Therapeutics Inc. (JNCE)

[123tom]

I follow price action in complex patterns

Not wanting to confuse anyone, this chart I last posted showing the 6 dollar target is not my finished target, its just the current one, based on the latest math patterns.
I never said nor expected a target hitting 2.50. I saw it held at 2.75 area and double bottomed again. It made a good rally, and so far so good for longs.

When I recently started looking at Jounce, I was forecasting a pullback target area at 3.50 , but it held at 3.60. thats why I didnt get filled in the past cycle, but I'm watching it for now.

Analysts make all kinds of target projections, and they are all way up there, but they arent describing the up and down track patterns along the way. I examine the track patterns along the way. I'm guessing you probably do as well.

Good trading to you.

Jounce has become a bubble now. pumping up, will it get hyper bubbled now, or cool off and be more normal.

[123tom]

Looks like my forecast was pretty good

from 4 days ago. when you were laughing.

Ive been studying chart analysis for about 15 years now. getting pretty good at it. but nothing is perfect.
as long as it gets me in the ballpark,I'm ok.

It was a bubble pumped to 6 dollars, and needed to cool off. 4.70 was the target zone (4.60-4.70) that I forecasted. Now ,I'm looking for the bounce to hit resistance (5.25-5.40 and roll over and down another dollar, maybe. Target zone for the Fib math is 4.00-4.25 area. even a target around 3.85-4.00 area, but its trickier now. IF JNCE really has strong bullish momentum, it could recover and hold at 4.75 and retest 6, and not be looking to retest 4.

watching the resistance steps now.