Jasmy appears to have found its bottom, with capitulation events occurring on February 25th and Sunday, March 9th. On the 4-hour chart, an oversold RSI condition has paired with a bullish divergence, signaling that selling pressure may be exhausted and a reversal is underway. The bulls have taken charge, as volume has flipped green for the first time in nearly three months, breaking a pattern of lower lows that began on December 13th.
Momentum is building on the daily chart, pointing to a potential trend shift from bearish to bullish. Meanwhile, the weekly chart reinforces this outlook, posting its first green candle after 10 consecutive weeks of red. With these technical signals aligning across multiple timeframes, Jasmy could be gearing up for a sustained bullish move. Keep an eye on volume and key resistance levels for confirmation!
Momentum is building on the daily chart, pointing to a potential trend shift from bearish to bullish. Meanwhile, the weekly chart reinforces this outlook, posting its first green candle after 10 consecutive weeks of red. With these technical signals aligning across multiple timeframes, Jasmy could be gearing up for a sustained bullish move. Keep an eye on volume and key resistance levels for confirmation!
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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.