Long

Jubilee Metals - Speculative long

Updated

Jubilee Metals has corrected lower in recent weeks to retest the breakout level of 2.80p and slightly below this at the 61.8% Fibonacci support level. The large reversal today is an encouraging sign which the shares set to close above the 10EMA. It’s also been noted that trading volume has been consistently above 50k for the past 90 days. It looks an interesting level to accumulate.

Target: 3.74p
Stop: 2.55p

Note

Hit target - Trade closed.
37%

Investamate

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