JIN, weekly setup, waiting for confirmationJIN update, due to a false alarm triggering on the 1H because trendline was too close.
JIN had a strong impulse move this morning 1315 to 1360, it did not BO of descending wedge, no action.
Weekly at horizontal and channel support.
Daily under the downtrend line, hourly under the downtrend line.... sorry for wasting your time 😛
JIN trade ideas
Long term jumbo dip or short term dip Current trend seems to be in a shorter price range , lower volumes might indicate a short term dip.
However depending on the future price action it could revert down to the weekly long term upward channel which is wider.
waiting to see it test the $14.00 price mark to confirm support.
$JIN - JUMBO INTERACTIVE - Broken strong resistance$JIN - JUMBO INTERACTIVE - Broken strong resistance
Has had a pretty good run over the last couple of years. Has broken through a traditional resistance level. Be worth a watch to see if it can continue its momentum. Has a bit of volume behind it.
Jumbo Interactive Limited is engaged in the retail of lottery tickets through the Internet and mobile devices sold both in Australia and eligible overseas jurisdictions. The Company operates in two segments: Internet Lotteries and All other segments. The Internet Lotteries segment consists of the retail of lottery tickets sold both in Australia and eligible international jurisdictions, and Internet database management/marketing. Internet Lotteries has two segments: Internet Lotteries Australia and Internet Lotteries Germany. All other segments include operating segments of non-lottery business activities. The Australian Charity Lottery business involves the sale of a number of charity-based lotteries to the established customer base in Australia. The Australian Charity Lottery business includes over four charities and the games are integrated into the OzLotteries.com Website and application. The Company offers German lottery sales online across desktop, tablet and mobile devices.