JAKS hitting Key EMAs Resistance

12 April
Advance 26% since BoD appears on 1st April.

Resisted by EMA200 and EMA50
Price close at same level as Shooting Star closing price at 0.956. Hence, Shooting star reversal is not yet confirm.

FiFT indicator still +ve.
Price breaks below 0.965 may turned FiFT into RED and further retracement may occur.

Take profit or Cut if breaks below 0.956
Next support is 0.90-0.92

Next stop 1.1 and 1.165 if breaks above 1.05.

Comment:

It's a good sign that candle able to close above Bullish Piercing Candle and stay above week high psychological resistance 1 and EMA50.

Zoom down to H4, the pullback is with relatively small volume which seems like profit taking in friday afternoon.

ATOM still above BUY level and trending up. Stochastic also shows up momentum and not overbought.

DJ is +ve... Vix is -ve.. Overwall, market looks good.

Stay cool with proper risk Management if already enter position when breaks 1.05. Lowest of last 2 candle is 0.96 which can use as SL level. Next support is 0.935

Comment:

wrapped between EMA50 and EMA200.
FIFT +ve
Need strong volume spile to break JAKS above EMA200.
Good sign that JAKS is able to stay above 1.
No fast turtle sell.
SL below 0.96