trend is up , page-6

FXJ is looking fairly strong.

I was in at 39.5 and then out at 46. Back in at 48 and now holding for longer term.

Signs are there that this is heading upward. In particular I like the volume and price action from 30/11/2012 which would have wiped out a lot of supply.

FXJ was in a trading range from late Jan to late Feb and looks like we are emerging out from it and ready to extend upwards.

The trading range would have allowed for more absorption of stock before this gets marked up to higher prices.

The action on the 7 and 8 Feb was very positive. Dropped below the trading range and then moved straight back up showing that buyers are in control.

Hanging on for the ride....

Had a similar experience with SWM but unfortunately was too quick on the sell trigger and missed the big upside that came.... thinking FXJ is another opportunity...