Michaeljob

$JRV upper channel test, target 48c

Long
ASX:JRV   JERVOIS GLOBAL LIMITED
JRV have been trading in channel over the past few weeks. The recent topside break was rejected and the momentum has now reset raising the probability of a second test of the upper channel boundary. Target for this move would be 25%. Upon failure a flag is likely to form increasing target. Based on this I perceive this to be a low risk entry

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.