J was in a long term channel between 2015 and 2019.
In August 2019 it broke this channel for a move higher, retested in December 19 and was again moving to new highs, until Feb/March 2020 market crash.
It dropped and bounced at off the support of the long term channel, and has been forming a wedge at the top of the channel since.
I will be looking for it to break to top of the channel and continue its previous move up with targets at $104 and above.
I am anticipating a $5 to $10 pop if it breaks due to the current market environment.
Forward notes: Watch for a retest of the channel top in the coming weeks/months as it is likely to continue moving higher using the top of the channel as support.
In August 2019 it broke this channel for a move higher, retested in December 19 and was again moving to new highs, until Feb/March 2020 market crash.
It dropped and bounced at off the support of the long term channel, and has been forming a wedge at the top of the channel since.
I will be looking for it to break to top of the channel and continue its previous move up with targets at $104 and above.
I am anticipating a $5 to $10 pop if it breaks due to the current market environment.
Forward notes: Watch for a retest of the channel top in the coming weeks/months as it is likely to continue moving higher using the top of the channel as support.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
