JUMEI INTERNATIONAL HOLDING LTD. - NYSE: $JMEI BasingAfter recapturing its 200 DMA back in January, JUMEI INTERNATIONAL HOLDING LTD - NYSE:JMEI has been trading in a side-ways grind and finds itself basing and working on its right-side as is evidenced in the Daily chart above.
In addition, JMEI now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical posture.
While the stock has further work to do, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for if JMEI should go topside of the $2.80 level, such development would likely ignite its next meaningful advance into greener pastures.
Thus, investors/traders may want to put JMEI front-and-center on their radars for additional clues/evidence that things are about to perk-up.
JMEI
JMEI- long from 4.2 to 4.63JMEI is breaking up a downward channel, volume confirming the break. Directional indicator & money-flow also suggesting a buy signal. We think it can go up to 4.65 area
You can check our detailed analysis on JMEI in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 4:20”
Trade Suggestion Date: 12th Jul
Trade Status: Pending
JMEI - Day Trade (Brad Reed Nov20,2014)JMEI expected to open around 19.20 which clears a very long term support line. Expecting many bearish trades to close for a profit which should drive stock upwards in the first 30 minutes. Look for bearish break off of 10 or 20 ema.
JMEI potential recoveryAfter testing for 3rd time support this stock has broke up w/nice volume. MA (best Resistance/support zones) are being violated. Risk/Reward ratio is still great. I consider this a LREP. 25.8 is now our importance price-zone. I wouldnt be suprise if a rally happens but November 6th will decide on this.
JMEI- A Fresh Breakout Pulling Back To? Multiple Supports?8-20 Classic case of a fresh breakout that is in the process of staging an initial pullback to some sort of support being lateral in blue or upward trending in green. Of course its all about stabilization at a support zone too you know.
For informational and educational purposes only, these are not recommendations, trade at your own risk.
