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Long

JLP (AIM) - JUBILEE PLATINUM PLC

LSE:JLP   JUBILEE METALS GROUP PLC ORD 1P
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3
I don't usually trade AIM stocks, however, this one looks promising.

Price has been decling over the last few weeks after a massive drive up from 4.5 area to 7.5.
We've seen a decent outside day on Friday which could be the start of another drive north with a target of 7.5.

I will wait until the market opens, if price opens above last weeks high of 5.282 I will enter a long position with my stop at 4p. If price opens below I will look to enter around the 4.7 area.
Comment: As we can see price did not break last weeks close so we will be looking to hold until 4.7 and then enter on the ascending trend line and support. It should also coincide with the 50MA.
Trade active: In at 4.9 after rejection from ascending trend line.
Comment: Still holding even after this break of ascending trend line. Will hold until it breaks the 200ma.

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