CarolP111

support and resistance

LSE:JAY   BLUEJAY MINING PLC ORD 0.01P
I think that the stock is mainly being supported by two drawn trendlines (drawn in black), but within it the price gets affected by the trendline at 13.00 (blue).

My strategy would be to wait for the outcome and to see which (if any) line the price bounces off of, it could even be congesting at 13.00.
if it drops to the black support line then I predict it would begin to rise and my strategy would be to then trade if it rises above EMA . If it rises above the blue line at 13.00 then my strategy would be to trade but sell before the top black resistance (with a stop loss at 12.65).
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