Break from Flag Pattern, also break the downtrend and SMA 200 with Volume TAYOR
JHM - Monitor for Pennant Breakout and breakout from downtrend
JHM Rst: 2.06 Spp: MA200 Seems forging support at MA200 the important supporting trendline, volume albeit not super strong but healthy one is observable through past 2 weeks. Based on BB formation, likelihood of ascending further north is there.
Moving Averages crossover suggesting JHM has the potential to form an upwards trend. However, do expect minor retracement along the way as there are areas of resistance to overcome since the mid-February sell down.
Prediction: Uptrend (Price closed above Redline) Rally continuation with strong support above Bull-bear divider. Target Price: R1=2.08-2.10, R2=2.22-2.28, R3=2.38-2.42 Support/Cut Loss: S1=1.80-1.77 Signals: *Candle has turned from Red to Blue color on 18-Jun, an indication of a trend reversal. *Price crossed above the Bull-Bear Divider (Redline) & turn the...
FOR STUDY AND RESEARCH ONLY. JHM NEWS : latest news... collaboration with jiangsu dekai auto part. expected to launch at the end of 2022. old news... newly acquired batu kawan expected to commence operation on 2022. jv with mass precision jv with Skywooo Manufacturing earning: annualy decreasing yoy. Q12021 quater earning beat...
JHM has been down trending for awhile. Will we see a new uptrend in the nearest time?
With technology sector being the future and best performing sector for Q1 2021 YTD , JHM is a strong contender and beneficiary towards EV thematic play. Strong fundamentals and good technical setup, price moving towards upper middle of trend channel. Good Risk Reward Ratio Points of Interest : R1 2.070 R2 2.280 R3 2.670 S1 1.920 S2 1.775
Based on TA, JHM currently close at support, which is good and will have 2 possibilities 1. Green Line - JHM will directly rebound at previous peak or current Support 2. Purple Line - JHM will continue downward and making reversal at next support Most probably, JHM will follow the Purple line, because of MACD still showing strong bearish momentum without sign of...
Seems like the stairway to heaven just show up. Steep yet clear sign of support. Might be on hell of a ride none the less its direction is to heaven?
Uptrend, Bullish and Strong Bull Restrace and bounce from Fibo 0.382 and EMA20 Seems forming Resistance Turned Support at 2.3 ATOM in expand mode and BUY Signal Triggered FIFT Spike (Bull is Strong) MCDX Spke. Banker Volume Increase to 83% Retailer Volume down to 0% Banker Turned Strong Plan Further Buy. Move SL to below 2.3 Next Target 2.8, 3 Hold until ATOM sell.