JBL is technically vulnerable; despite a good earnings report, it is considered 'too high' and faces significant downside risk if its ascending trend line breaks.

JBL down a little bit on earnings. This isn't a big drop. The stock yesterday closed around 9 uh 319. It's trading at 307. So, it's down about what is that 2 to 3%. The stock again was kind of befuddled in this lower range here.

I will just point out that you do have a little bit of a ascending trend line. Look at this. This is a great trend line and this is something I'm watching on a bigger time frame basis.

So, major pivot, major pivot, major pivot. Now, today we're trading down on earnings. If this line breaks, that would be a watch out below moment where this could really start to dump out significantly.

Now, JBL is involved in kind of software related to semiconductors and stuff like that. So, it's kind of in the semi space, it's rallied quite a bit with the semis. Um, but again, with Micron earnings after the bell, we'll have to watch and see what happens.

And by the way, JBL had a good earnings report, but they were just too high on the charts.