JD Sports stock price is preparing for a pullback on the weekly. With the price got rejected at extreme optimism, more bears are being invited to drag the price downward
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Last post: September 3rd. See chart .
Review: Price was making new all-time highs after breaking out of resistance.
Update: Price is continuing to make new highs and still looks strong for long opportunities.
Conclusion: We will be looking for long opportunities when we see another breakout.
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Last post: June 30th. See chart .
Review: Price was heading up towards the previous all-time high.
Update: Price has now started to challenge the all-time high resistance level.
Conclusion: We need price to clearly break through the resistance level and stay above it, then we can start to look for long opportunities.
Any comments or questions, do not...
Last post: June 21st. See chart .
Review: Price was approaching the resistance level.
Update: Price is still on its way to target the resistance level.
Conclusion: We continue to wait and see if price can break through resistance and leave the consolidation zone.
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Last post: June 8th. See chart .
Review: Price had broken a resistance level but was still below the all-time high.
Update: Price has gained strength since the last post and is making its way to the next resistance level.
Conclusion: We need a break of the all-time high to confirm a continuation of the bull trend then we can look for long opportunities.
This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is still in consolidation but has broken a strong resistance level and is now approaching the next area of resistance.
Conclusion: At the moment we have to stand aside. A break of the next resistance level will confirm a continuation of the previous bull trend and at that...