AfroTez

Jubilee Metals

Long
JSE:JBL   JUBILEE METALS GROUP PLC
Jubilee Metals has seen steady increases since reporting their earnings back in November. Uptrend support line has been respected until post mid Jan. This was a heavy dip but had a decent rebound yesterday. Seeing the trajectory and formation of this dip, could be signs of a short term trend change. It would take a few more 8% + consistent daily movements to put the price back above support line. Taking a step back and having a broader view, Jubilee Metals has been in a gradual up trend for a few year now with trade volumes increase significantly from last year November.

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