JOB
has a really clear level of resistance not only on the lower end of that gap but it also lines up almost IDENTICALLY with its .786 fib line. Now, while you would assume the .618 could be the next level, we still need to account for the gap and YES that upper gap line has consistently acted as a potential support for about a year before breaking this year. Other than that, JOB stock has been a sideways mover for months. Right now it could be experiencing higher levels of action thanks to the big move in
STAF
as a sympathy run. We'll see what happens next. Also might be factoring in the reopening trade with the latest round of jobs numbers showing strength. "On June 8th, the leading national bank CIT Group Inc. (NYSE: CIT) announced that it is the sole lender on a $20 million credit facility for GEE Group Inc. The Chairman of GEE Group, Derek Dewan said, 'We appreciated CIT’s expertise in arranging this asset-based financing to support our working capital needs and help fund GEE Group’s growth strategy. This financing represents another milestone in our ongoing effort to build our business while ensuring our financial position and balance sheet remain on solid footing.'"
Quote Source: 8 Penny Stocks to Watch Right Now As June Comes to an End