6/18

JFIN

Current price 5.38 near its basing from yesterdays spike. I think this is a good buy because liontrader has proven to move stocks. He tweeted about this squeezing today. Support at around 5.25 and then 5 and then 4.75. Resistance around 6. If it does pass 6 I believe it has a good chance of getting to 8 which is the next resistance. So plenty of upside and your risk reward, if going off of 6, then about 4:1 but more than that if going off 8. I would definitely get in but I want to be more disciplined and not trade based on an alert. I'll watch price action and buy in closer to 5. If the stock shows strength ill watch it spike and hopefully catch a dip off those highs. Or potentially buy the break out at 6, looks to me like a multi-day, month break out around 6 since it shows resistance there from the past few days but also back in December it couldn't crack 6 (more like 5.80) for about 2 weeks.