JETScan expect a relief rally until 8, however weekly time frames still looking bearish with trading well below DMAs.
and there is a big bear flag on the brink. Broken down RSI had been retested
Traders should have their stop at 6.4
JETS.N0000 trade ideas
JETS.Nwant to see if my idea is correct or not.
Fundamentally it cannot go this down.
BEAR FLAG spotted on weekly chart
JETS | Ascending Triangle BreakoutThe stock has broken out of the ascending triangle pattern with above average volume. there is a possibility that it may retest 7.20 levels for support. Eventually it should reach Fibonacci retracement level of 0.236 to test gap resistance.
To manage risk, Stop-loss can go below 7.20 levels or previous higher low of 6.8.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
