Trade /
08 July
logic
Sold 1 US Tech 100 NAS Index CFDs @ 7,810.00Medium term
Trade view /
10 November 2015 at 0:10 GMT
Jarden Corp's descent is good for a ride
Instrument:
JAH:xnys
Price target:
Market price:
Background
Jarden Corp is an American consumer goods manufacturer with over 120 brands. In focus are household appliances and leisure products.
In figure 1 we see that the stock price has risen since 2011 from $12.00 up to $57.00. The stock was able to develop a steady upward trend, which several times the black trend-line several times. Currently the stock experienced a bigger correction which results in a possible short-trade in the current picture.
JAH weekly chart
Source: ATT Trading
Management and risk description
On the daily chart (Figure 2) we can clearly see a strong downtrend, which is drawn in blue. The strength can be seen by rapid down movements, which have a higher volume. A medium-term trader could wait for a subordinate downtrend to get a short entry. With increasing selling this trade has targets around $44.00 and $37.00.
Above the price level of $52.50 our short idea would be over.
JAH Daily Chart
Source: ATT Trading
Parameters
Entry: $51.50
Stop: $52.50
Targets: $44,00, $37.00
Time horizon: Medium-term
— Edited by Adam Courtenay
For more on equities click here
Non-independent investment research disclaimer applies. Read more
Jarden Corp is an American consumer goods manufacturer with over 120 brands. In focus are household appliances and leisure products.
In figure 1 we see that the stock price has risen since 2011 from $12.00 up to $57.00. The stock was able to develop a steady upward trend, which several times the black trend-line several times. Currently the stock experienced a bigger correction which results in a possible short-trade in the current picture.
JAH weekly chart
Source: ATT Trading
Management and risk description
On the daily chart (Figure 2) we can clearly see a strong downtrend, which is drawn in blue. The strength can be seen by rapid down movements, which have a higher volume. A medium-term trader could wait for a subordinate downtrend to get a short entry. With increasing selling this trade has targets around $44.00 and $37.00.
Above the price level of $52.50 our short idea would be over.
JAH Daily Chart
Source: ATT Trading
Parameters
Entry: $51.50
Stop: $52.50
Targets: $44,00, $37.00
Time horizon: Medium-term
— Edited by Adam Courtenay
For more on equities click here
Non-independent investment research disclaimer applies. Read more