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Jubilee

Jubilee Metals Carnage continues to 75 cents - UpdatedSorry the previous chart was too far zoomed out... Since we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis... By no means, would I ever invest in a falling piano company despite how good the price looks.
JSE:JBLShort
by Timonrosso
1
Jubilee Metals Carnage continues to 75 centsSince we sent out the first analysis with Jubilee. The price was trading at 205cents. Today we're looking at 134 cents for the Co. The momentum is still very much down and the target is still to 75 cents. It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis... By no means, would I ever invest in a falling piano company despite how good the price looks.
JSE:JBLShort
by Timonrosso
1
Jubilee W Formation but with warning target to R2.95W Formation clearly formed on the daily. We had a false breakout to the upside, but then price went right back into the W. 7>21 Price<200 RSI>50 Target R2.95 WARNING There are three problems. 1. The JSE ALSI 40 is still within the downside of the symmetrical triangle as it had a fald breakout. This has sent shorting vibes. 2. The penny stock is highly illiquid and volatile. So one candle up breakaway is most times not enough for a strong confirmed change in direction. 3. Metals are currently pointing down which will bring down the smaller companies. I'm bullish and the charts say up, but I don't think they are ripe for the picking yet. ABOUT THE COMPANY Jubilee Metals Group plc is a mining and exploration company that specializes in the reprocessing of historical mine tailings and surface material. Jubilee Metals Group plc, commonly known as Jubilee Metals, is a British company headquartered in London, United Kingdom. The company was founded in 2002 and was initially focused on platinum exploration in South Africa. Jubilee Metals has since evolved into a multi-metal producer, with a strong focus on platinum group metals (PGMs), chrome, and other base metals. The company employs innovative proprietary technologies to recover valuable metals from waste materials, such as mine tailings and surface material. Jubilee Metals has developed a unique processing method called the ConRoast process, which enables the efficient extraction of PGMs and base metals from various feed sources. The company's operations are primarily based in South Africa, where it has established processing facilities and strategic partnerships with mining companies. The company focuses on acquiring and reprocessing underperforming mining operations, extracting value from previously overlooked or discarded materials. In addition to its operations in South Africa, Jubilee Metals has expanded its presence to other countries, including Zambia and Mozambique. The company has established strategic partnerships with major mining companies, such as Anglo American Platinum, to leverage their existing infrastructure and enhance its operational capabilities. Jubilee Metals' shares are listed on the London Stock Exchange's Alternative Investment Market (AIM) and the Johannesburg Stock Exchange (JSE), allowing investors to participate in the company's growth.
JSE:JBLLong
by Timonrosso
Jubilee ready to crash further to R1.20 with this H&S - SMC After a horrific crash from R4.22 down to R1.73. There seems to be a consolidation range at the moment forming the next Head and Shoulders. The right shoulder is not fully ripe yet, so we can expect a blip of upside to form the RS. Once the price breaks below, then we'll see the next leg down. Indicators are confirming downside to come inc. 200>21>7 - Bearish RSI<50 Lower highs Once the price breaks below the Neckline we can expect the first target at R1.20 SMC Above the LS is clearly Buy Side Liquidity. Smart Money SELLS into positions (and sweeps liquidity) from retail traders who are short (get stopped) and for long traders who buy and enter their trades. About the company The company's primary operations are in South Africa and Zambia. Jubilee Metals Group specialises in the recovery of valuable metals that have been discarded in waste materials from previous mining activities. As part of their operations, they deal with metals such as platinum, palladium, rhodium, ruthenium, iridium, gold, copper, nickel, and zinc. The company uses proprietary technology and processes to extract these valuable materials. The company was initially named "Jubilee Platinum" because of its focus on platinum extraction. The name was later changed to "Jubilee Metals Group" when the company diversified its operations beyond just platinum.
JSE:JBLShort
by Timonrosso
Jubilee metal plummeting after a dangerous pattern target R1.16We saw a Breakout Falling Wedge pattern form on JBL. The price then broke above BUT did not confirm and penetrate above the 200MA. This caused a major fakeout and shakeout and caused the price to drop. Sometimes this type of move is a stronger indication of a reversal. Hence, the price has broken below the Falling Wedge and now has a target of R1.16. 200 >21>7 MA - Bearish RSI <30 - Bearish Target R1.16 LESSON LEARNT When a Breakout pattern fails and breaks below the pattern, this can confirm a major reversal and a high probability trade in the other way.
JSE:JBLShort
by Timonrosso