The sultan of swing [JDST]

JNUG has been on a tear of late and higher potential exists still.   But nothing goes straight up or straight down and the current rally is in need of a significant pullback soon.  There are several options for this but JDST might already have bottomed.  I would be exiting JNUG positions right about now -sell the next significant peak or if it goes down more than 7% (i.e. 7% trailing stop).  Keep the money you have made on JNUG, make more of it on the swing into JDST and then have even more to plow into JNUG when the next wave up begins.

I would look for an aggressive breakout by JDST of the top rail as shown before getting too spendy on its shares.  Short term target would be $11.50 which is the level of the prior 4th but keep in mind that if the market treats this as a falling wedge that they are often retraced completely.  But even a move to $11.50 is a nice percentage gain when starting from $8.38...