majmarionsewell

majmarionsewell

JOBY has broke below monthly level, but seem to have found support around 6/6.25 daily level. Will look for JOBY to possibly make run and push above upper resistance prior to Earnings in 13 days. If daily support at 6 fails, will likely take stop loss.

majmarionsewell Updated 

48 EMA failed. Will be looking for JOBY to test 200 EMA (near $6.40/6.50 area). Am expecting downtrend to continue. Setting price alerts for $6.90.

majmarionsewell

Need 48 EMA to hold support and would like to see volume pick up to push away from $7.60 Bull Flag channel trend lines remain intact. Trend reversal confirm if push above $8.66 and use 48 EMA as stop loss ($7.80)

majmarionsewell

13 EMA failed to support. EMAs (13,48) are starting to curl. Based on Fibs, will watch $7.60 for support, along with 48 EMA providing support. Still not seeing the desired volume for the 48 EMA to hold. There is a Mini Bull Flag forming inside a of a bigger Bull Flag forming which both trend lines remain intact.

majmarionsewell

13 EMA failed to support. EMAs (13,48) are starting to curl. $8.66 failed support. Based on Fibs, will watch $7.60/$6.54 for support, along with 48 EMA providing support. There is a nice Bull Flag forming as well and if trend line breaks to upside on good volume, we could possibly see a strong move back up.

majmarionsewell

Rejection 3x days in a row at $11.29. Expect retracement to $8.19 before push back to test $11.29. If $11.29 breaks could see SWB:16S Volume and Moving Averages are all positive