Long Gee Group Inc - Ticker JOB Breaking out of consolidation to the upside. This trade presents excellent risk to reward, and could possible go all the way to $2 per share. Fundamentally the company is getting back on it's feet, and is on a PE of 7, P/S of 0.44, EV/EBITA 1.96 - it looks cheap on every metric. Has no debt and $17m cash in the bank. --- ...
Looking good for possible speculative entry above 0.54. Stop signal 0.43 and TGT 1 @ 0.63, TGT 2 0.79, Tgt 3 Momentum.
the explanaition is on the chart ......................
JOB has a really clear level of resistance not only on the lower end of that gap but it also lines up almost IDENTICALLY with its .786 fib line. Now, while you would assume the .618 could be the next level, we still need to account for the gap and YES that upper gap line has consistently acted as a potential support for about a year before breaking this year....
#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down...
Employment in the US private sector disappointed last month, shattering hopes that the Fed will raise interest rates in September. The number of employees increased by 185,000 in July compared to the 229,000 booked in June, according to ADP. On Friday, the non-farm payroll report will provide further hints of labor market development, with analysts expecting a...
So, fellas, the blue rectangle represents a pretty strong resistance for todays price action. The level has been tested quite lot and we have a lack of price momentum right in that exact area. Further price decline will form a gartley pattern since the .618 level is around that resistance level I was talking about. Shorting now is an option. I would personally...
You choose... break out or break down... fairly simple Safe trading ladies and gents the dog might bid! @BLawrenceM If you find my charts useful - consider following me on Twitter. I do updates there on my TV-published charts and annonces quick scalp plays all day long.