JGS is moving sideways to up. For the past few days, notice how it was bullishly consolidating at its highs. Last Thusday, it was able to break above its minor resistance of 20 to reach a high of 20.50 but its gains was not sustained and it went back within its narrow range of 19.68 to 20. This behavior tells me that JGS is susceptible for a correction since it tried to breakout but failed. If JGS breaks below its immediate support of 19.68, we can assume that it is headed back to its upward channel's support line. Next area of support should be around the 18.60 to 19 levels. On the other hand, if it breaks its immediate resistance of 20, expect an acceleration of JGS' uptrend with an initial target of 21.80.
4 comments:
Nice move today! Congrats, Chambeng!
Thanks Christina :-) , Let's see if this will catch up with DMC ....
Chambeng
Hi Christina,
Sold this issue already, TP reached. Made a wrong move with PIP though, di marunong mag-tsupita.
... bittersweet day...but still smiling ...RFM your next. :-)
Chambeng
I made the same mistake in PIP. :(
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