Bullish divergence and False Break on JKHY on DailyStrong upwick bar, bouncing with fb from 170 support, bullish div on many indicators, expecting rise up to 1 ATR
TP 177,49
E 172,37
SL 169,07
Good bullish div, one remark: 4H TF is still in downtrend, 13EFI is still not showing much strength.
Also, the impuls on weekly is still red, but Factor 3 is blue , so I'm okay with that, also because the movements are close to the flat EMA's on the weekly.
Furthermore, the bullish div is showing a false break.
Trade #00011
Results so far:
6 from 10 worked out. Hitrate: 60%
0A6D trade ideas
JKHY – Reversal of Trend with 30% Shorting Opportunity?Fundamental Indicators:
Sector – Technology
US Business Cycle Stage – late cycle, when this sector is the least favourable
Revenue - consistently growing since for the last 10 years, average 5-year rate at 16%
Profits – 2022 TTM shows 13% increase compared to 2021
Net margin – a good level of margin with 18%
P/E – quite high at 42 compared to S&P500 with 21 and Technology sector 20
Liabilities - debt ratio is at 0.42 which is within normal limits, Net Debt/ EBITDA is at 0.29 – no problems with debt
Conclusion – still good financial performance but PE ratio is quite high, and correction is long overdue in the current market conditions
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage completing wave 3 of the final fifth wave (see higher timeframe graph)
The corrective wave that was formed since August 2020 can be clearly identified as Contracting Triangle which has culminated in January 2022 with wave E
Since then, we can see a very choppy bull run which is often a sign of an Ending Diagonal and in this case, it is an Expanding type where wave 1 is smaller than wave 3 and wave 3 is smaller than wave 5
This is a higher timeframe to reflect the full history of JKHY and to provide full wave count:
What do you think about JKHY and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Thanks
You don't know JackJack Henry looks great right now. A month from now, that's who you want your backup center to be.
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DeRozan and Henry may very well end up competing for the backup center job.
But it would be a really bad idea to have the starters at backup centers.
Henry is one of the better backups you will find. He can shoot the ball. He can move the ball. He can block shots.
And he can finish in the lane.
All that stuff is important.
"If I want to be here," Henry said. "I have to do the things that he's asking me to do. I'm the guy he put on his roster. I'm the guy that he wants to see starting."
So Henry goes.
JKHY ANALYSIS 10.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
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JKHY: MACD crossover on the 200-dayMACD bullish crossover on the 200-day is a quality technical signal.
A price action above 152.00 supports a bullish trend.
Upside price momentum supports the bullish trend.
A break above its 200-day will act as further support to the trade idea.
Upside price momentum supports the trend as well.
BUY JKHY 176.20$Jack Henry & Associates, Inc. JKHY reported third-quarter fiscal 2020 earnings of 96 cents per share, which surpassed the Zacks Consensus Estimate by 18.5%. Further, the bottom line surged 25% from the year-ago quarter.
Revenues improved 13% year over year to $429.41 million. The figure also outpaced the Zacks Consensus Estimate of $409.65 million.
JKHY - buying at the trend line with favourable probabilities The main idea behind this is to use all probabilities we can to get a likely win
- The uptrend is apparent
- There has been a pullback
- The pullback is slowing and at the trendline
We then aim for a decent risk to reward of 3, or above 2 if 3 seems over ambitious.
$JKHY - likely to see more weaknessNASDAQ:JKHY may experience more downside in short term. Stock looks relatively weak in 2019, and after reaching corrective waves retracement targets, may go much to ~110$.
Entry: below 135.4 (or current level for more aggressive and less reliable trade)
Stop: 144.38
Target: 110-120 (depending on how trade developes furhter)
#JKHY #stock #longJKHY on the hourly looks like it has formed another inverse H&S. all the indicators look good and it has formed consecutive higher highs and lower lows. I think this could be a good march swing trade. I am, however, a little nervous it may not make a new all time high. If that happens, sell.
daily
all three indicators look good on this one. it has formed a raising wedge with two higher lows and three higher highs.
weekly
the weekly is in a rising uptrend however the indicators give me some concern. MACD needs to cross back up.OBV looks good. Stoch rsi needs to reset for an up move.
Monthly
MACD looks good.OBV looks good. again the stoch rsi needs to reset for a higher move.