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Strategy: Triangle Breakout Strategy
Bias: Bullish, JCY was a hot stock 2 months ago and experienced a triangular consolidation for the past 2 months. Today it hit the support of 0.300, closed at 0.320. Symmetrical Triangle Formation was observed. The QR result announced lately was satisfied. If the momentum sustained, SWC believes there will be a positive movement in near term.
Support: 0.315, 0.300
Resistance: 0.340, 0.350
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Strategy: Triangle Breakout Strategy
Bias: Bullish, JCY was a hot stock 2 months ago and experienced a triangular consolidation for the past 2 months. Today it hit the support of 0.300, closed at 0.320. Symmetrical Triangle Formation was observed. The QR result announced lately was satisfied. If the momentum sustained, SWC believes there will be a positive movement in near term.
Support: 0.315, 0.300
Resistance: 0.340, 0.350
If you find this analysis is helpful, kindly Like and Comments!
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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.