Monday, November 30, 2015

Jumbo: Potential breakout above 0.400 ?

Are we seeing it happen?  Top 5 volume seen currently….

Sent: Wednesday, November 25, 2015 10:24 AM
Subject: *********** Jumbo: Potential breakout above 0.400 can offer more upside, price 0.385
Jumbo has traded near the 0.400 psychological resistance last week before some profit taking on market weakness and rebounding from temp support at 0.35. A bullish hammer candlestick pattern spotted yesterday with strong buy ups at day end. Today, we have seen a breakout above yesterday’s day high of 0.37 on top 5 volume. Likely to see it head back to the 0.400 KEY resistance again where we can see it attempt a breakout. Any move above can pave the way to 0.500 in the short term as it finds a new consolidation phase again.

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