JHM trade ideas
JHM Going Reversal?JHM has been down trending for awhile. Will we see a new uptrend in the nearest time?
JHM - Completed Elliot ABC CorrectionBased on TA, JHM currently close at support, which is good and will have 2 possibilities
1. Green Line - JHM will directly rebound at previous peak or current Support
2. Purple Line - JHM will continue downward and making reversal at next support
Most probably, JHM will follow the Purple line, because of MACD still showing strong bearish momentum without sign of reversal. The RSI Momentum also agree with MACD as it also showing strong Momentum going below zero.
Unless there is external Catalyst, JHM most probably continue downward.
Who knows the directionSeems like the stairway to heaven just show up. Steep yet clear sign of support. Might be on hell of a ride none the less its direction is to heaven?
JHM Formed Resistance Turned Support at 2.3 ZoneUptrend, Bullish and Strong Bull
Restrace and bounce from Fibo 0.382 and EMA20
Seems forming Resistance Turned Support at 2.3
ATOM in expand mode and BUY Signal Triggered
FIFT Spike (Bull is Strong)
MCDX Spke. Banker Volume Increase to 83%
Retailer Volume down to 0%
Banker Turned Strong
Plan Further Buy.
Move SL to below 2.3
Next Target 2.8, 3
Hold until ATOM sell.
JHM - pullback in waiting?In H4, we observed a sharp uptrend testing resistance 2.73 (+6%) with good volume. All indicators are showing good momentum to continue on next few candles. Taking account of previous uptrend waves, we believe the Higher High will complete anytime soon to form a potential pullback to test area of value around 2.35. This is required to build a strong support to move up higher.
This would be invalidated if price break support of 1.74 which breaks the major uptrend.
Speed: Lightning fast !!! with only 61M shares float (11% float of 557M shares)
Sentimen: Positive outlook for semicon industry 2021
TAYOR
JHM 1. Fundamentally JHM is a good company.
2. Price movement showing slowly uptrend, currently in sideway movement.
3. EP area: 7/21MA line OR 1.90 - 1.95
SL area: 50MA line OR 1.88
4. If price break the R line, just follow the trend with adjusting SL.
JHM1) Simple SnR : Long term uptrend
2) Last price above EMA 50 & 200
3) Stochastic RSI : below 30 (cross up)
EP: between 1.960 - 1.900
CL: 1.840
Target: Green Lines or ride until BO uptrend
3S: Slow, steady & surely
Another Momentum on JHM?Looks like another continuation pattern forming. Flag pattern forming
DMI : ADX >20
Strong bullish trend
MACD : Strong buy consideration
JHM [11 November 2020] Buy On Resistant Zone Break OutMYX:JHM
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
JHM Breakout. Would it be able to test new high 2.23?Today 11/11/20, MYX:JHM manage to breakout from ascending triangle. Would it be able to test new high 2.23?
JHM - Bearish Candle DeniedJHM
Rst: 1.89/ 2.15
Spp: 1.72
1.72 again proven as solid support. Friday bullish Marubozu candle neutralised Thursday bearish engulfing formation, this is very strong bullish signal, and with the support of rising indicators, breakout from Fibo first tier hurdle at 1.89 is imminent. More to come.
