Jaguar Mining Inc. (TSE:JAG) shareholders might be concerned after seeing the share price drop 18% in the last quarter. But that doesn't change the fact that the returns over the last three years have been very strong. The share price marched upwards over that time, and is now 116% higher than it was. It's not uncommon to see a share price retrace a bit, after a big gain. The thing to consider is whether the underlying business is doing well enough to support the current price.
Target : CAD 13.18
Resistance 2 : CAD 11.64
Resistance 1 : CAD 10.94
Support 1 : CAD 09.22
Support 2 : CAD 08.07
**Disclaimer - This is not a financial advice, please trade with caution and on your own risk.
Do not view this idea as a recommendation for trading or investing. Risk Only What You Can Afford. Always Use a Stop Loss. Past performance is not necessarily a guide to future performance.
I would appreciate your feedback on my analysis.
Cheers
Target : CAD 13.18
Resistance 2 : CAD 11.64
Resistance 1 : CAD 10.94
Support 1 : CAD 09.22
Support 2 : CAD 08.07
**Disclaimer - This is not a financial advice, please trade with caution and on your own risk.
Do not view this idea as a recommendation for trading or investing. Risk Only What You Can Afford. Always Use a Stop Loss. Past performance is not necessarily a guide to future performance.
I would appreciate your feedback on my analysis.
Cheers