SWING IDEA - JBM AUTO
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JBM Auto, a leading manufacturer of auto components and systems, is showing promising technical indicators for a potential swing trade.
Reasons are listed below :
Target - 2430
Stoploss - weekly close below 1670
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Strong Support at 1700: The 1700 level has proven to be a robust support zone, indicating strong buying interest and a solid base for potential upward movement.
- 'W' Pattern Formation: The stock is forming a 'W' pattern (double bottom) at this crucial support zone, which is a bullish reversal pattern suggesting that the downtrend may be over and a new uptrend could be beginning.
- Golden Fibonacci Support: The price has found support at the 0.618 Fibonacci retracement level, often considered a strong support zone and indicating a potential reversal or continuation of the uptrend.
- Trading Above 50 and 200 EMA: JBM Auto is trading above both the 50-day and 200-day exponential moving averages, indicating a strong and sustained uptrend.
- Constant Higher Highs: The stock has been consistently making higher highs, reflecting ongoing bullish sentiment and a sustained uptrend.
Target - 2430
Stoploss - weekly close below 1670
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Nota
HOLD for targets, trend is intactNota
higher highs being formed , hold!Nota
made a high of 15.8%++ from our buying price, HOLD!Nota
made a high of 18%++, hold!Nota
range bound for now, hold!Dagangan ditutup: hentian tercapai
stoploss hit : -20%
Penafian
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