JHM - pullback in waiting?
In H4, we observed a sharp uptrend testing resistance 2.73 (+6%) with good volume. All indicators are showing good momentum to continue on next few candles. Taking account of previous uptrend waves, we believe the Higher High will complete anytime soon to form a potential pullback to test area of value around 2.35. This is required to build a strong support to move up higher.
This would be invalidated if price break support of 1.74 which breaks the major uptrend.
Speed: Lightning fast !!! with only 61M shares float (11% float of 557M shares)
Sentimen: Positive outlook for semicon industry 2021
TAYOR
This would be invalidated if price break support of 1.74 which breaks the major uptrend.
Speed: Lightning fast !!! with only 61M shares float (11% float of 557M shares)
Sentimen: Positive outlook for semicon industry 2021
TAYOR
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.