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Jubilee Metals - Speculative long

Long
JUBILEE METALS GROUP PLC ORD GBP0.01 (LSE:JLP)  
Investamate Updated   
LSE:JLP   JUBILEE METALS GROUP PLC ORD GBP0.01
Trend Analysis Chart Patterns Technical Indicators smallcaps UK Metals ukstocks AIM FTSE 100 Index
2
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trendanalysis chartpattern indicator smallcaps uk metals ukstocks aim ukx
Jubilee Metals has corrected lower in recent weeks to retest the breakout level of 2.80p and slightly below this at the 61.8% Fibonacci support level. The large reversal today is an encouraging sign which the shares set to close above the 10EMA. It’s also been noted that trading volume has been consistently above 50k for the past 90 days. It looks an interesting level to accumulate.

Target: 3.74p
Stop: 2.55p

Comment:
Hit target - Trade closed.
37%
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