Text me if you have any questions/comments for me.
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JHX
- Previous analysis was done on 16 Sep (red arrow) - Suggested entry around 54.90 levels if believe the stock can create new all-time highs
- Since then, the stock did not rebound to $54.90 but instead broke through the short- and mid-term supports and tested the resistance-turned-support at $47 levels (orange line)
- Stock looks to be rebounding with most indicators showing positive signs
- Today, the stock retraced to test the short-term support
- A successful rebound look to be around 52.50 levels
- Overhead resistance zone at 54-55 levels (blue highlighted zone) -> Any entry below this strong resistance will be on the belief that the resistance can be broken
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half entry after successful rebound if believe the stock is capable of breakout of strong resistance zone
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JHX
- Previous analysis was done on 16 Sep (red arrow) - Suggested entry around 54.90 levels if believe the stock can create new all-time highs
- Since then, the stock did not rebound to $54.90 but instead broke through the short- and mid-term supports and tested the resistance-turned-support at $47 levels (orange line)
- Stock looks to be rebounding with most indicators showing positive signs
- Today, the stock retraced to test the short-term support
- A successful rebound look to be around 52.50 levels
- Overhead resistance zone at 54-55 levels (blue highlighted zone) -> Any entry below this strong resistance will be on the belief that the resistance can be broken
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half entry after successful rebound if believe the stock is capable of breakout of strong resistance zone