$JBH:ASX - JB HIFI - 3rd Test of Resistance. Breakout?

This is its 3rd time that it has tested that $27.60 resistance area and looks to have finally broken through. Looks like the momentum is there finally and with 93 buyers for 72,442 units vs 36 sellers for 18,791 units hopefully it will hold and continue its run. Might be worth a watch.

JB Hi-Fi Limited (JB Hi-Fi) is engaged in the retailing of home consumer products. The Company has two segments: Australia and New Zealand. It is involved in the sale of consumer electronics products and services, including televisions, audio equipment, computers and cameras; software, including Compact Discs (CDs), Digital Versatile Discs (DVDs), Blu-ray discs and game; whitegoods, cooking products and small appliances; telecommunication products and services; musical instruments, and digital video content. The Company also offers information technology and consulting services. The Company has approximately 60 JB Hi-Fi Home branded stores, including over four in New Zealand. The Company operates approximately 190 physical stores. The Company offers various solutions, such as corporate, government and education sales of products and services, and insurance replacements. The Company also offers JB Hi-Fi Home roll-out. The Company has approximately 40 stores with small appliances.

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Seeing resumption of the trend now we are past that August trade war downturn.

Bit of resistance at $31 would be good to see it get past with volume for confirmation.

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Through resistance. Might be a bit hot for now based on the RSI so might retrace but could be good long term.

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JB is starting to push through the $40 mark.

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JB back up to pre-covid type levels. Trying to get through that resistance area.

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Pushed through. At next resistance / previous highs. Be interesting to see what it does on earnings.