$JSEMTM - Momentum Met Hldgs: Classic Trend Change
See link below for previous analysis.
Momentum stock finally has some momentum.
The key levels of 1283 and 1386 have held and price has broken strongly above the upper resistance line of the down-sloping channel.
A key level to break above, as mentioned in the previous analysis, is 2270 to break above the previous lower high to buck the trend and make a new higher high. This break looks imminent.
The bullish outlook is fully intact and I now have more conviction than before.
Momentum stock finally has some momentum.
The key levels of 1283 and 1386 have held and price has broken strongly above the upper resistance line of the down-sloping channel.
A key level to break above, as mentioned in the previous analysis, is 2270 to break above the previous lower high to buck the trend and make a new higher high. This break looks imminent.
The bullish outlook is fully intact and I now have more conviction than before.
