Friday, January 15, 2016

Jumbo: Pushing upwards amidst market weakness.... price 0.47

Can the upticks continue towards 0.500 as mentioned?

Sent: Wednesday, January 13, 2016 5:14 PM
Subject: **************** Jumbo: Potential move above 0.46..... price 0.455
Jumbo has rebounded from the 0.400 psychological support over the past week and today has broke above the temp 0.44 resistance level. Range would be to 0.46 now which was the high set last week. Any further move above 0.46 can open the way to 0.50 in the short term. Have been supported above the upward sloping channel support line since November with uptrend intact above 0.400 still. Let’s see of the 0.46 – 0.465 sellers clear out over the next few days.

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