Jubilee to run up in the near future
Bullish Falling wedge
Right now Jubilee is still in a range (Falling Wedge)
The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing.
I want to say if the price breaks up we could see a target of R4.23
CONCERN
If the price breaks down, we could also see a target of R1.18
The analysis is neutral right now, but I'm leaning more to the long (bullish) side.
Right now Jubilee is still in a range (Falling Wedge)
The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing.
I want to say if the price breaks up we could see a target of R4.23
CONCERN
If the price breaks down, we could also see a target of R1.18
The analysis is neutral right now, but I'm leaning more to the long (bullish) side.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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