TSXV:JK may be recharging to make another attack at its all time high.
We’re recently hit a new ATH with $JK.V as it broke through to a new high of $2.02 on its latest run. Taking a look at it’s current channels - both down and upward - along with the MACD and RSI it looks like we could be in for a retrace back down to the 0.618 of our local fractal @ 1.48, if not a little bit lower (0.786 ??), but ideally crossing dynamic channel supports that intersect with the 0.618 will provide a spring off point.
It would be worth keeping an eye on this one over the next few days to prepare for an entry once support has been found and a bounce has started. Keep in mind that 1.34 could prove a good entry as well if the price decides to head that low.
A few points worth mentioning:
- RSI is on the higher end, just leaving a VERY over bought state.
- MACD is showing that bullish momentum has eased off and may flip into a bearish state soon.
* This Content is for informational purposes only. You should not construe any such information or other material as investment, financial, or other advice.
We’re recently hit a new ATH with $JK.V as it broke through to a new high of $2.02 on its latest run. Taking a look at it’s current channels - both down and upward - along with the MACD and RSI it looks like we could be in for a retrace back down to the 0.618 of our local fractal @ 1.48, if not a little bit lower (0.786 ??), but ideally crossing dynamic channel supports that intersect with the 0.618 will provide a spring off point.
It would be worth keeping an eye on this one over the next few days to prepare for an entry once support has been found and a bounce has started. Keep in mind that 1.34 could prove a good entry as well if the price decides to head that low.
A few points worth mentioning:
- RSI is on the higher end, just leaving a VERY over bought state.
- MACD is showing that bullish momentum has eased off and may flip into a bearish state soon.
* This Content is for informational purposes only. You should not construe any such information or other material as investment, financial, or other advice.