JBM Auto Ltd getting ready for next leg up
- sales and earnings have been rising for several quarters
- Price action suggests an potentially explosive move on the cards, large outside candle followed by two inside candles on weekly TF
- Volume and volatility has also contracted
- Good Relative Strength
- Previous upmove in jan was from a similar base (18Wks/ 30%) in which the stock is in right now
I will look to enter above 2070 initial stop: close below 50 DMA
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