04 November 2019

Simple Trading JCI

Johnson Controls reports Thursday pre open.  I like the pattern, so I thought I'd share.

Weekly Chart -- If you been around me for any length of time, you know this is a favorite pattern of mine.

Daily Chart -- The daily chart replicates the weekly... and both look headed higher.

A few more data points...

With a Short Interest Ratio (Days To Cover) of 4, if JCI can get going to the upside, look out.

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