Monday, January 4, 2016

Jumbo: Breaking above the 0.45 resistance level?

Seeing some move on strong volume as per last Tuesday’s morning called issued. Heading towards 0.50 ?

Sent: Tuesday, December 29, 2015 9:35 AM
Subject: ********* Jumbo: Consolidation above 0.40 in wait of further move.... price 0.43
Jumbo has traded in the range of 0.40 to 0.44 over the past week with it attempting to break above the critical resistance at 0.44 – 0.45 which was the high set a month ago. With it maintaining above the 0.40 level now and trading above the upward sloping 20 day MA line, we can expect short term trend to be positive with a potential breakout above 0.45. In watch list. As long as 0.400 holds, it’s a good sign with Stochastic and RSI both trending upwards.

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