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.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.