New short on $JCI around $141.50. Credit to @AppelBotomJeans for the setup.
Another industrial AI bubble name. They do cooling towers and HVAC infrastructure—basic stuff that got pumped on the data center cooling narrative.
$JCI was a $50 stock a few years back, ran to $155 on the AI hype wave. Classic.
Now it's broken below the uptrend channel and just completed a textbook throwback kiss to the lower trendline. That's usually the last goodbye before a sustained move lower.
Opening short here at $141.50. If it rallies back toward that broken support, we can layer in more size. Risk is defined—stop above the channel. Reward is a reversion back toward pre-hype levels.
Another industrial AI bubble name. They do cooling towers and HVAC infrastructure—basic stuff that got pumped on the data center cooling narrative.
$JCI was a $50 stock a few years back, ran to $155 on the AI hype wave. Classic.
Now it's broken below the uptrend channel and just completed a textbook throwback kiss to the lower trendline. That's usually the last goodbye before a sustained move lower.
Opening short here at $141.50. If it rallies back toward that broken support, we can layer in more size. Risk is defined—stop above the channel. Reward is a reversion back toward pre-hype levels.
