Sorry the previous chart was too far zoomed out...
Since we sent out the first analysis with Jubilee. The price was trading at 205cents.
Today we're looking at 134 cents for the Co.
The momentum is still very much down and the target is still to 75 cents.
It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's...
Since we sent out the first analysis with Jubilee. The price was trading at 205cents.
Today we're looking at 134 cents for the Co.
The momentum is still very much down and the target is still to 75 cents.
It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis...
By no means,...
W Formation clearly formed on the daily.
We had a false breakout to the upside, but then price went right back into the W.
7>21 Price<200
RSI>50
Target R2.95
WARNING
There are three problems.
1. The JSE ALSI 40 is still within the downside of the symmetrical triangle as it had a fald breakout. This has sent shorting vibes.
2. The penny stock is highly...
After a horrific crash from R4.22 down to R1.73.
There seems to be a consolidation range at the moment forming the next Head and Shoulders.
The right shoulder is not fully ripe yet, so we can expect a blip of upside to form the RS.
Once the price breaks below, then we'll see the next leg down.
Indicators are confirming downside to come inc.
200>21>7 -...
We saw a Breakout Falling Wedge pattern form on JBL.
The price then broke above BUT did not confirm and penetrate above the 200MA.
This caused a major fakeout and shakeout and caused the price to drop.
Sometimes this type of move is a stronger indication of a reversal.
Hence, the price has broken below the Falling Wedge and now has a target of R1.16.
200...
Be ready for mayhem to possibly ensue on 27 September 2016, the end of the Super Shemitah and end of the year of Jubilee.
See more info on the cyclical nature of the 7 year cycle and the 50 year super cycle.
investmentwatchblog.com
