JE Possible Bottom, Impulse Imminent?
Been watching JE for a while now ever since they announced their TSX reverse stock split. I bought into the initial pump and dump for quick profits. Now, they also have finalized their NYSE reverse stock split and the stock appears to have levelled out from the resulting dump.
Further research of this company shows corporate restructuring, resulting in the reverse-split, and a new Chief Financial Officer, with tons of industry experience and came from an energy holdings firm. We basically have someone on their team watching our back.
We appear to have found support at the 5.71 level and have began an uptick, looking similar to previous impulses. Steep gains expected, with a long-term expectation of hitting pre-Covid high of $200 and beyond.
With that kind of gain in the long-term, and its decent volatility in the short/mid term, this is a great bargain of a stock with tons of upside and buying opportunities for everyone.
Key Level #1
$37, high of gap from March 6 to 9.
Key Level #2
$45, previous high to gap
Next levels would be $55-$61-$66 as gap fill.
Analyzed with RSI and CMF as momentum indicators, Fib retracement, price action.
This is NOT a recommendation or solicitation to invest. I may or may not have an interest in this stock. Invest at your own risk. Do your own research. Manage your risk, cut your losers and push your winners.
Further research of this company shows corporate restructuring, resulting in the reverse-split, and a new Chief Financial Officer, with tons of industry experience and came from an energy holdings firm. We basically have someone on their team watching our back.
We appear to have found support at the 5.71 level and have began an uptick, looking similar to previous impulses. Steep gains expected, with a long-term expectation of hitting pre-Covid high of $200 and beyond.
With that kind of gain in the long-term, and its decent volatility in the short/mid term, this is a great bargain of a stock with tons of upside and buying opportunities for everyone.
Key Level #1
$37, high of gap from March 6 to 9.
Key Level #2
$45, previous high to gap
Next levels would be $55-$61-$66 as gap fill.
Analyzed with RSI and CMF as momentum indicators, Fib retracement, price action.
This is NOT a recommendation or solicitation to invest. I may or may not have an interest in this stock. Invest at your own risk. Do your own research. Manage your risk, cut your losers and push your winners.
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