We last looked at JEF back in October after price had fallen off a cliff, due to exposure to issue with an auto loans company going bust ( from what I remember).
At the time I looked at $50 as a line in the sand- if we broke it then I believed it would head to the 2weekly 200MA on in the approx $43-45 region.
Well, $50 held, and ever since then JEF has been on a slow grind north, and is now back above the weekly MA's and the $60 BRN. The news about the contagion from issues with auto loans seems to have disappeared/been swept under the carpet. (Please feel free to enlighten me on the latest situation).
Will this weeks earnings provide the catalyst for a continuation of the move to $70 (where it was before its drop)? Or will the numbers provide further details of what actually happened?
At the time I looked at $50 as a line in the sand- if we broke it then I believed it would head to the 2weekly 200MA on in the approx $43-45 region.
Well, $50 held, and ever since then JEF has been on a slow grind north, and is now back above the weekly MA's and the $60 BRN. The news about the contagion from issues with auto loans seems to have disappeared/been swept under the carpet. (Please feel free to enlighten me on the latest situation).
Will this weeks earnings provide the catalyst for a continuation of the move to $70 (where it was before its drop)? Or will the numbers provide further details of what actually happened?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.