Stopping volume for Just GroupLSE:JUST
These are definantly my favorite signlas. it gives a great insight into the volume & price analysis that I use for my setups.
There are a couple of factors supporting the bullishness here.
The main one being the size of the last trading candle compare with 2 days ago, its much smaller. However look at the volume at the bottom, its even slightly higher, this is telling me the buyers are absorbing all the sell orders getting thrown at them.
There is also the support level to consider where it has fallen to previously.
Looks strong and will look to get in tomorrow if the spread is sensible.
JR0 trade ideas
Just Group - Just about to explode?Buy Just Group (JUST.L)
Just Group plc, formerly JRP Group plc, is a financial services company. Its segments are insurance, other segments and corporate activities. The insurance segment writes insurance products for the retirement market, which include guaranteed income for life solutions and defined benefit de-risking solutions, care plans, and drawdown contracts, and invests the premiums received from these contracts in corporate bonds, lifetime mortgage advances, and other financial investments.
Market Cap: £660.9Million
Just Group has been in the process of forming a bottom pattern for the past couple of months. The break above resistance at 57.50p confirms the pattern and projects an upside move to 79.30p over the short to medium term. There is also an unfilled gap at 96.50p, which formed when the company posted disappointing results. I like the prospects of recovery from here.
Stop: 54p
Target 1: 72.75p
Target 2: 79.30p
Target 3: 96.50p
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