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Lazy Trade Long & Short: JE & RCL

05 March 2013
by Ryan Mallory

Today has marked another gap up, quick surge higher then steady consolidation thereafter. 

lazy cruise captain short tradeWe may see some profit taking into the close considering how we have been trading against the intraday R3 pivot level all day.

Today's lazy trades offers a nice basing pattern in Just Energy (JE) and currently breaking out to the long side. The second setup is a short play, Royal Carribean (RCL) that has rallied nicely into resistance and now showing signs of resuming the down turn. 

Here's the charts for the lazy swing-trades

Long: Just Energy (JE)

Just Energy JE breakout of base

Short: Royal Carribean (RCL)

Royal Caribbean Cruises RCL swing-trade short setup

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ryan1Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>

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