Tuesday, January 19, 2016

Jumbo: Heading towards the psychological 0.500 ? price 0.48

Some buy ups seen as it formed a new high at 0.48 today which is a positive sign…. let's see..

Sent: Friday, January 15, 2016 10:21 AM
Subject: ************* Jumbo: Move above 0.46 seen..... price 0.47, Short term trend still positive above 0.45 now.
From previous buy call, we have seen Jumbo broke above the 0.46 resistance and headed to a new high at 0.475 today. New support would be at 0.45 – 0.46 for now and there can still be more strength towards the 0.500 with it pushing upwards. Those who have locked in some positions can also scale some sell positions as we approach the 0.500 psychological resistance level where we can expect some profit taking again especially with general market still weak. MACD still positive and reversing upwards more.

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