Hi All, my main 3 take-outs from this analysis are the following:
1- Price brke the descending wedge at apical level with huge volumes. The movement was quite predictable as the prices were compressing more and more at the apex
2- My long term targets stays at around 6$-7$, as result of the wedge height projection and the breakout point
3- RSI indicating momentum approaching 50 level and pointing upward. Retracements are possible, but in the long term I am strongly bullish on Jaguar
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- Price brke the descending wedge at apical level with huge volumes. The movement was quite predictable as the prices were compressing more and more at the apex
2- My long term targets stays at around 6$-7$, as result of the wedge height projection and the breakout point
3- RSI indicating momentum approaching 50 level and pointing upward. Retracements are possible, but in the long term I am strongly bullish on Jaguar
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.