Today has marked another gap up, quick surge higher then steady consolidation thereafter.
We 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)
Short: Royal Carribean (RCL)
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