JIN Rallies into the Trap: Retail Shakeout or Reload?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
