Jumbo Interactive (JIN) – Pre-Earnings Setup
JIN is primed for a classic retail shakeout, with the 26 August earnings release likely acting as a volatility catalyst. However, price action suggests the reaction could come ahead of the announcement, given the confluence of technical exhaustion signals.
Price Structure: Price has rallied for 9 consecutive bars, aligning with Gann’s reversal zone (7–10 bar swing rule). This rally is occurring on declining volume, into:
The yearly S1 pivot
A weekly fair value gap (FVG)
Hidden bearish divergence on the Stochastic RSI
Scenario Outlook: Expect a sharp reaction post-earnings (or sooner), targeting the Low Volume Node (LVN) or the Equilibrium of the monthly wick.
The ideal entry would be:
A closed daily dragonfly doji or bullish hammer candle in one of these two zones.
On elevated volume, signaling absorption and reversal
Profit Targets:
Initial TP: Macro 50% retracement ~$14 level or range high ~$16
Extended TP: Potential for a larger swing trade, contingent on a clean break above major resistance (S/R flip) with reaccumulation
Please note, arrows are not based on time analysis
JIN is primed for a classic retail shakeout, with the 26 August earnings release likely acting as a volatility catalyst. However, price action suggests the reaction could come ahead of the announcement, given the confluence of technical exhaustion signals.
Price Structure: Price has rallied for 9 consecutive bars, aligning with Gann’s reversal zone (7–10 bar swing rule). This rally is occurring on declining volume, into:
The yearly S1 pivot
A weekly fair value gap (FVG)
Hidden bearish divergence on the Stochastic RSI
Scenario Outlook: Expect a sharp reaction post-earnings (or sooner), targeting the Low Volume Node (LVN) or the Equilibrium of the monthly wick.
The ideal entry would be:
A closed daily dragonfly doji or bullish hammer candle in one of these two zones.
On elevated volume, signaling absorption and reversal
Profit Targets:
Initial TP: Macro 50% retracement ~$14 level or range high ~$16
Extended TP: Potential for a larger swing trade, contingent on a clean break above major resistance (S/R flip) with reaccumulation
Please note, arrows are not based on time analysis
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.
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.