As the descending trend was broken out after 16 months, new bullish move is possible for JANTS. There may be ranging price for a while but 19 TL will be a strong support and the stop loss should be set to below 19 TL weekly closure. I believe every downward move to 19-20 TL will be a buy opportunity with lower risk. As this is mid term perspective, 10% loss in possible if the stop loss is triggered. Past performance and win ratio of weekly MACD in JANTS look supportive in this long trade.
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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.