JHS is forming rounding bottom in monthly chart. When it breaks the resistance at 46 with good volume the price will move further. I expect the stock to gain 15 to 25 points in one year. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the monthly chart indicates this script is turning from bearish to bullish . When buyers enter the market at a low price, it increases the demand for the stock . Once the rounding bottom is complete, the stock breaks out and will continue the uptrend.
Trade attivo:
My 200 th post!
Commento:
Rocking movement!
Trade chiuso: obiettivo raggiunto:
First Target reached. Duration : April 11 to aprill 24.
