After the recent post where i highlighted that JSESSW was building up energy and ready for a new leg, the break came explosively yesterday with a +11.1% move up through the 200dma.
Price is now into a resistance zone (R42.60-R44.50 where bulls will likely need to regain their breath. A 'gap' fill is also at R43.43
I will continue to monitor how the price action develops here to see if this move will be sustained and have enough momentum to target the next swing high around R50.
Price is now into a resistance zone (R42.60-R44.50 where bulls will likely need to regain their breath. A 'gap' fill is also at R43.43
I will continue to monitor how the price action develops here to see if this move will be sustained and have enough momentum to target the next swing high around R50.
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Related publications
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.