JHM - Completed Elliot ABC Correction

Based on TA, JHM currently close at support, which is good and will have 2 possibilities

1. Green Line - JHM will directly rebound at previous peak or current Support
2. Purple Line - JHM will continue downward and making reversal at next support

Most probably, JHM will follow the Purple line, because of MACD still showing strong bearish momentum without sign of reversal. The RSI Momentum also agree with MACD as it also showing strong Momentum going below zero.

Unless there is external Catalyst, JHM most probably continue downward.

Comment:

So the JHM reversing at support. following option one green line..which is suprising haha but very good. we hope it will continue on the Green Line trajectory.

Keep For Mid/Long is advisable