My 1st post on TJL was on the 13th of December 2015. At the time I expected the stock to re-test the high of 36.30, and if done it was a gain of 5%, from the lowest low of the 2nd of Dec '15 which was 33.80. As such it was on my watch list. Yesterday the 5th of January 2016, it hit a high of 36.30, but failed to close above with strong volumes. This is not bullish for the time being, unless it goes up and closes above 36.30 with strong volumes. Presently it is trading below the psychological resistant point of 36.00. Until and unless the stock moves beyond 36.00 and closes, I do not expect it to move into higher highs in the short term. Hence I will take it out of the watch list until an uptrend is visible.
Making money in the Stock Market is not easy, but not hard only with increased education and understanding.......
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