$JSEGRF looked to complete a C&H formation bt failed as the handle was not formed fully. Share price broke a falling trend as it looks to attempt the set up yet again.
I am watching the 88 (falling trend line tuned support) and 90 (MA). For the set up to be complete, the price needs to take out 108/9 and hold above.
On watch list for now.
$JSEIAP is breaking on the upside albeit on intrady basis.
Should this prove to be a false break, 1519 (14 MA) should serve as 1st support then 1510 (upper trend of the falling channel)
This morning, ASX released index re-balancing which will take effect 23 Sep 19, where IAP ASX gets added to the S&P/ASX 300 Index
$JSEHYP is not out of the woods as yet, despite bouncing off immediate support 6495 but still within the falling trend
For HYP to reject the set up, immediate resistance will come in two forms: 14d MA (6578) and upper band of the falling channel (6600)
I will wait for the break lower of the falling channel to confirm the bearish flag formation
Yesterday I published ah hourly chart of $JSEHMN, with a question: is this another false b/o? It turned out it was and with the price reversal, the daily chart now clearly shows a bearish flag formation.
I am looking for a close below 3920/25 for the break out with intermittent support around 3811 later 3711.
Full target on the downside is around 2861
$JSEHMN has had two false break on two different indicators: bearish flag and H&S formation.
Recently the price pattern formed bullish flag formation, subsequently breaking out on the upside.
However this looks like it could also be short lived as the price seem to have stalled and retracing a bit.
Momentum indicator is still +ve while RSI has turned...