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WhatsAStockMarketLOL
Oct 10, 2020 12:20 AM

JE Broke Out! What’s Next? Long

Description

That was a great early morning pump, especially if you came in when I made my first post at sub-$7 a few days ago. My apologies for getting ahead of myself with the uber-high levels in first post (I guess for the future lol), still new to this but let's learn and profit along the way.

We've tested and broke past $9.75 resistance earlier this morning. Stock is expected to rest at either high or low of the resulting morning gap-up before continuing our upward momentum. From session high, we have come down and are testing the 9 SMA on hourly(purple line on chart). JE likes to test and break out from this SMA.

Current Key Levels
Resistance #1 $9.75
Resistance #2 $10.30
Resistance #3 $11.39
Resistance #4 $12.50

Support #1 $8.00
Support #2 $7.54

NOTE: These prices are on TSX listed JE.


This is NOT a recommendation or solicitation to invest. I may or may not have an interest in this stock. Invest at your own risk. Do your own research. Manage your risk, cut your losers and push your winners.
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