Descending Triangle with Sideways ETA 6 Oct 2020
JFTECH has been trading above its upward sloping 20-Day Moving Average which is a good sign.
It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 2.89.
Resistance 1 : 3.65 (3.74%)
Resistance 2 : 3.7
Support 1 : 2.89 (-17.81%)
Support 2 : 2.83
Descending Triangle prediction at 21 Aug 2020.
Possible bearish price movement towards the resistance 2.89 within the next 118 days (30 bars : ETA 6 Oct 2020).
It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 2.89.
Resistance 1 : 3.65 (3.74%)
Resistance 2 : 3.7
Support 1 : 2.89 (-17.81%)
Support 2 : 2.83
Descending Triangle prediction at 21 Aug 2020.
Possible bearish price movement towards the resistance 2.89 within the next 118 days (30 bars : ETA 6 Oct 2020).
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