Jumbo: Downside target hit, but worst may not be over.... Price 0.535. System says?

A few months back in May, we saw a pretty bearish pattern in Jumbo.. Something like a descending triangle….

It was then trading above the 0.67 support level that has been holding since the beginning of the year where we saw it formed lower highs.

I mentioned that this was not a good sign and we can potentially see a break down soon….

A chart with some downside targets were drawn and sent out then…

See what I mean below….

For illustration purpose only

Indeed, after about 3 months, we have seen both of the downside targets hit…

Have been trying to stay above the 0.55 level over the past week but seems like sellers are still ready to take it lower.

We have had several bearish signals on the SYSTEM over the past few months pointing to more weakness… and yes more selling indeed, PTI grads can check…

Still NO EXITS yet on the recent bearish signal….

Would want to be cautious for any long positions.

Target has been revised lower to 0.48 – 0.50 now. Don’t look good below 0.55 actually from the way I see it…

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See where we are now live below….

For illustration purpose only

Jumbo: May attempt a move above 0.800 soon, do we have an Exit yet signal yet ? price 0.79

Following up from previous calls over the past few weeks, we have indeed seen Jumbo ALMOST hit our target at 0.800 today.

There were several emails to ride the trend at certain price points but more importantly.....

We had a BULLISH ENTRY SIGNAL on the system..... a few days before the massive rally began....

That was on 28 Dec 2016, entry price at 0.665...

Looking at a 18.8% GAIN in 3 weeks....

The thing is there are NO EXITS yet... see what i mean below, just a DOT for Entry and waiting for another DOT for EXIT, NOTHING complicated... It hasn’t come...

PTI GRADS can find out eventually WHEN the exit dot arrives....

So the question is: Can there be more upside FROM HERE??

I would like to think so, especially if we breach the 0.800 on a specific price action....

But the system definitely does help to guide us.....

Looking forward to share more on the system again soon, Click here to be in the priority list for any seminars soon....

For illustration purpose only

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Recent Emails:

Sent: Thursday, January 19, 2017 9:17 AM
Subject: ******* Jumbo: Back to consolidation above new support, price 0.735

Sent: Wednesday, January 11, 2017 9:27 AM
Subject: ****** Jumbo: Pulling away from 0.700, a positive above, price 0.73

Sent: Thursday, January 05, 2017 12:52 PM
Subject: ******* Jumbo: Some actions seen above 0.68 a good sign for upside price 0.69

For illustration purpose only

Jumbo: Pulling away from 0.700, a positive above, price 0.74, Entry signal has No Exits

Following up from call last week, we have seen Jumbo hold above the 0.68 new support level and today we have seen it push higher even as mentioned.

Uptrend intact above 0.700 now, please raise sl, looks set to test the 0.75 for a move to 0.80.

Momentum indicator still looking positive.

As long as 0.700 is the support now, we are short term bullish.

From the system, we actually had a BULLISH SIGNAL 2 weeks back on 28 Dec 2016 JUST BEFORE the new year began…

Entry price was at 0.665.

So far still NO EXITS from my system yet….

Let’s see how far up it can go… J

For illustration purpose only

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Recent Email:

Sent: Thursday, January 05, 2017 12:52 PM
Subject: ******* Jumbo: Some actions seen above 0.68 a good sign for upside price 0.69

For illustration purpose only

Jumbo: Back to consolidation...... Profits made, Congrats to some.... NOW AT 0.635

It’s indeed fulfilling to know that some of my students and also clients have made some money from the trading calls I have issued…..

Jumbo had a firm move above the 0.600 resistance last week and there were a few trading calls issued before that…. (See below)

For now, it has been trying to cross above the 0.64 – 0.65 resistance but still not able to….

Well, some consolidation for now probably before more actions…. Let’s see

Anyway, below are some of the thank you messages I receive daily, and I am grateful that I have at least helped some people daily….

He has made some money on Jumbo and others….. Great one… J

For those still riding, please protect profits, still good to go IMHO if supported above 0.600…. 


Just saying…..

Be a client to stop MISSING OUT, CLICK HERE …..

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Recent Emails:

Sent: Monday, July 04, 2016 9:37 AM
Subject: ********** Jumbo: Back to key resistance, may attempt a test to new high. price 0.615

Sent: Wednesday, June 15, 2016 10:21 AM
Subject: ********** Jumbo: Back to some consolidation after profit taking last week... price 0.59

Sent: Friday, June 3, 2016 10:31 AM
Subject: ************ Jumbo: Next resistance at 0.60 key, price 0.58

Sent: Thursday, June 02, 2016 9:29 AM
Subject: ************* Jumbo: Breakout seen above 0.55 - 0.56, upside momentum can continue..... price 0.56

Jumbo: Indeed a breakout above 0.55 as mentioned yesterday.... price 0.57

A Series of calls made over the past 2 weeks….

Traded upwards, consolidated, then up it went again….

What’s the level we are looking at now to take some profit….. or wait….  Maybe even a re-entry to ride more….  J

Sent: Wednesday, June 01, 2016 9:29 AM
Subject: ************* Jumbo: Back to consolidaiton below 0.56, more upside above still... priec 0.545

Sent: Wednesday, May 25, 2016 4:31 PM
Subject: ********* Jumbo: Atempting a move above 0.55 now.... protect profits, price 0.55

Sent: Tuesday, May 24, 2016 9:23 AM
Subject: ********** Jumbo: Still good to go above 0.500 now... price 0.53

Sent: Monday, May 23, 2016 9:45 AM
Subject: *********** Jumbo: Attempting a move above 0.500 again.... watching.... price 0.51

Jumbo: Did a breakout just happen today as mentioned..... wow now at 0.525

What’s the target we are looking at? Congrats to those who managed to lock in some positions last week….

Sent: Thursday, May 19, 2016 11:54 AM
Subject: ************ Jumbo: Attempting a move above 0.500 again.... watching.... price 0.500

Some profit taking when it touched 0.500 previously then back to 0.45 support. We have again seen it rebounded to attempt a move above the 0.500 psychological resistance level again. More price action confirmation needed but watching closely…. Uptrend intact with 0.45 as the key lifted support for now. Target can be to 0.55 if a convincing breakout occurs.

Jumbo: Hit a high of 0.49 then some profit taking seen.... can the 0.500 clear out eventually? now at 0.485

Still watching this counter closely, have seen an impressive move today but more confirmation required for further upside from now on. Support at 0.46 with the same cap at 0.500… let’s see…. Any move above 0.500 will be interesting for a long entry…..

Sent: Thursday, May 05, 2016 10:23 AM
Subject: ************** Jumbo: Potential breakout play.... price 0.475

We have seen way above average volume on this counter today with a move above the 0.46 resistance, likely to test the resistance at 0.485 – 0.50 where we can see an attempt to stage a clear breakout above. With this happening, it can lead to the end of sideway consolidation since the beginning of the year. AND A target of 0.54 then 0.60. More price action confirmation required on this move, but in watch list.

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.

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.

Jumbo: A new high seen over the past few days.... MORE UPSIDE?

Heading towards the 0.500 eventually?

Sent: Monday, January 04, 2016 9:11 AM
Subject: ********* Jumbo: Seems like a breakout above teh 0.44 mark, watch, more confirmation.... price 0.445

From potential breakout call last week, we have seen a high volume move above the 0.44 key resistance level, as expected has tested the 0.45 resistance today too. More upside likely if this clears out too with target to 0.50 in the short term. Indicators looking good on the move. Let’s see.

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.

Jumbo: Short term uptrend intact?

Pulling away from the 0.400 psychological level….. now at 0.435… J More upside?

Sent: Thursday, December 03, 2015 2:09 PM
Subject: ********** Jumbo: potential upside above 0.42 now.... price 0.42

From previous call, we are still seeing some actions for Jumbo with strong buy ups seen on any slight dips. Seems to have found a support at the 0.39 level with range lifted up for now. Clearing of the  0.42 level can see more upside with target to 0.44 first as mentioned previously. Volume picking up again with huge buy ups seen at 0.42.

Sent: Monday, November 30, 2015 11:54 AM
Subject: ********* Jumbo: Potential breakout above 0.400 can offer more upside, price 0.405

Seems like are seeing some actions again on strong volume as it attempt to stage a breakout above the 0.400 psychological resistance level. Staying and closing above now can be more confirmation with target price to 0.44 then 0.50 as mentioned previously. Top 5 volume seen today on this move.

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.