JRJC TRADE IDEA (LONG)

For all of you who are itching for a long trade, this may be it.

 JRJC daily MoneyStream positive divergence and STOCH/RSI buy signal

 A triangle with correct volume, but JRJC is watched by momo traders so the possibility of a false breakout before a real move up is quite possible or even a false breakdown.

 There seems to be a big cycle in play here on this hourly chart.

 The 15 minute chart is confirming and positive al the way up and into the consolidation.

Here's the Trend Channel stop. I only see two ways to play this, buy now and position size correctly so that you can use the wider stop, or wait for a confirmed breakout and or I suppose you could buy a breakout and put a stop inside the triangle.