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kgiap123
Jul 21, 2020 10:31 AM

JHM - Potential Cup and Handle  

JHM CONSOLIDATION BHDMYX

Description

Fast Turtle Buy 1.61
Volume relatively higher
FiFT +ve
ATOM Buy.

Strong Resistance @ 1.78
Can JHM breaks 1.78 this time ?
Looking at higher timeframe chart (Weekly & Monthly). Apparently, we are seeing huge volume build up (500Mil) in last 2 months and traded above average volume.
With this kind of volume, high chances will break 1.78 resistance..










DISCLAIMER: This analysis is for educational purposes only. It is based on my personal view from a technical standpoint. Trade at your own risk and judgement.

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CONGRATS TO THOSE WHO HOLD..
1.78 is a very strong resistance and FINALLY BROKEN...

THOSE MISSED, can buy when retest 1.78 - 1.80

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Next target 1.915, 2.10

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JHM Retest 1.75 (Very strong resistance area)
Sign of ATOM Buy... but need volume to PUSH above 1.75.. Go Go GO

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ATOM BUY, 1.75 Broken, FiFT +ve

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Looks good.. Must stay above 1.75
If this condition met, most likely 1.75 will be a strong support area.

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1.75 Retest and Bounce - Further buy 1.78
Comments
Peggysoo
Just sold at 1.92...wil buy back when it retest 1.78 per your comment..
Peggysoo
@kgiap123 still holding. Bought at 1.61.
kgiap123
@Peggysoo, jackpot 18% in less than 2 weeks !!! Congrats !
Peggysoo
@kgiap123, yea~~ thanks for sharing your analysis on this counter. ❤️
Peggysoo
@kgiap123 am I right to say that the gap is not filled today, there are Higher probability it can go higher?
kgiap123
@Peggysoo, It is filled.. but good sign is candle did not breaks previous low... If can break Cup and Handle neckline.. then JHM should be able to rally..
Keep finger cross..
Peggysoo
@kgiap123, ohh... ok thanks 😊
bllboon1
Still can hold ? for today close at 1.50.
kgiap123
@bllboon1, I cut JHM when fast turtle sell appear. Technology sector is pretty weak.
If you are still holding, please monitor tonight performance of US technology sector (XLK) and Nasdaq...
If these 2 able to rebound from support, then high chances that our local technology sector will follow.. otherwise, i suggest to cut and replan.
bllboon1
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