Morning chart- Triple top breakout looming for JCI!

Gary Kwapik

By Gary Kwapik — Author

Hello Everyone,

JCI is forming a classic triple top formation on a point and figure chart.

The 52 level is what to look for on a breakout. Target area would be around the 64 level.

These charts move at a somewhat slower pace than regular charts we know today so if you trade options make sure you give yourself plenty of time.

The IV is low here so a July 2015 call or call debit spread around the 50 strike which is near ATM could be considered as a substitute for stock.

Tickers: JCI

Posted to Stock & Option Scout on Feb 27, 2015 — 8:02 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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