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JOHNS LYNG GROUP LIMITEDJOHNS LYNG GROUP LIMITEDJOHNS LYNG GROUP LIMITED

JOHNS LYNG GROUP LIMITED

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JLG trade ideas

JLG @ 2 NOV 2021Text me if you have any questions/comments for me. ----- JLG - First time doing a written analysis on JLG - During the 17 Oct Facebook livestream, I suggested waiting for the stock to successfully breakout - Stock has since broken out, but the price action is not accompanied with high trading volume - If you didn’t catch the stock before this, there isn’t any good setup for entry - Price is far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:JLG
by Jerm88
$JLG:ASX - Johns Lyng Group - Up 120% and resuming its run.JLG provides building and restoration services in Australia and has been having a great run since late 2018 where its price has risen steadily by around 200%. It has had a couple of recent pullbacks but looks like it could be resuming its run with good volume, an RSI showing value, and we can see interest in the stock is higher than normal. Could be worth a watch. It operates through following segments: Insurance & Building Restoration Services, Commercial Building Services, Commercial Construction Services and Other. The Insurance & Building Restoration Services segment engages in building and restoration jobs. The Commercial Building Services segment offers commercial glazing, commercial flooring, shop fitting, hazardous waste removal and emergency domestic services. The Commercial Construction Services segment includes traditional commercial building activities in Victoria. The Other segment includes unallocated corporate overhead costs and a start-up recruitment and labour hire business which undertakes jobs on behalf of the Group and external clients. The company was founded in 1953 and is headquartered in Doncaster, Australia.
ASX:JLGLong
by zAngus