J was in a long term channel between 2015 and 2019.
In August 2019 it broke this channel for a move higher, retested in December 19 and was again moving to new highs, until Feb/March 2020 market crash.
It dropped and bounced at off the support of the long term channel, and has been forming a wedge at the top of the channel since.
I will be looking for it to break to top of the channel and continue its previous move up with targets at $104 and above.
I am anticipating a $5 to $10 pop if it breaks due to the current market environment.
Forward notes: Watch for a retest of the channel top in the coming weeks/months as it is likely to continue moving higher using the top of the channel as support.
In August 2019 it broke this channel for a move higher, retested in December 19 and was again moving to new highs, until Feb/March 2020 market crash.
It dropped and bounced at off the support of the long term channel, and has been forming a wedge at the top of the channel since.
I will be looking for it to break to top of the channel and continue its previous move up with targets at $104 and above.
I am anticipating a $5 to $10 pop if it breaks due to the current market environment.
Forward notes: Watch for a retest of the channel top in the coming weeks/months as it is likely to continue moving higher using the top of the channel as support.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.