Jubilee Metals Group (JBL) is a distinguished player in the metals recovery industry, primarily focused on the reprocessing of mine waste and surface materials. The company is listed on the London AIM market and the Johannesburg Stock Exchange's Alt-X. Its geographical footprint spans across South Africa, the UK, Madagascar, Australia, and includes a joint venture...
See link below for previous analysis.
Jubilee has continued to trade lower and having breached 128, i am tentatively abandoning the five wave count as wave (4) has penetrated the price territory of wave (1) violating one of the golden rules of an impulse.
The bear market from 426 is forming a falling wedge which is bullish but price can still go lower.
I will...
Jubilee Metals Group (JBL) is a diversified metals recovery company which re-processes mine waste and surface materials. It is listed both on the London AIM market and on the JSE's Alt-X. It has operations in South Africa, the UK, Madagascar, and Australia - and it is involved in a joint venture in Zambia to produce lead, zinc and vanadium. The company primarily...
JSE:JBL slipped from its all time highs of R20.00 in April 2007 and went on a rollercoaster ride that eventually dragged sideways below R1.00 from late 2013. The instrument found support in March 2020 and rallied to R4.26, forming a big "cup" when analysing price action from May 2011 on the weekly time frame. The handle of this cup started in April 2021 in the...
See link below for previous analysis.
It been 9 months since I last covered Jubilee and the stock has invalidated the five wave impulse outlook by breaking below 128.
For an impulse, wave (4) cannot terminate within the price territory of wave (1) and ideally should not even retrace back into it.
This leaves me with an alternative view that the bigger pattern...
Jubilee Metals Group (JBL) is a diversified metals recovery company which re-processes mine waste and surface materials. It is listed both on the London AIM market and on the JSE's Alt-X. It has operations in South Africa, the UK, Madagascar, and Australia - and it is involved in a joint venture in Zambia to produce lead, zinc and vanadium. The company primarily...
Sorry the previous chart was too far zoomed out...
Since we sent out the first analysis with Jubilee. The price was trading at 205cents.
Today we're looking at 134 cents for the Co.
The momentum is still very much down and the target is still to 75 cents.
It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's...
Since we sent out the first analysis with Jubilee. The price was trading at 205cents.
Today we're looking at 134 cents for the Co.
The momentum is still very much down and the target is still to 75 cents.
It's sad to see companies that traded ov er R20 to under R2 today. And the fact it's been fighting it's life since the financial crisis...
By no means,...
Jubilee Metals Group (JBL) is a diversified metals recovery company which re-processes mine waste and surface materials. It is listed both on the London AIM market and on the JSE's Alt-X. It has operations in South Africa, the UK, Madagascar, and Australia - and it is involved in a joint venture in Zambia to produce lead, zinc and vanadium. The company primarily...
W Formation clearly formed on the daily.
We had a false breakout to the upside, but then price went right back into the W.
7>21 Price<200
RSI>50
Target R2.95
WARNING
There are three problems.
1. The JSE ALSI 40 is still within the downside of the symmetrical triangle as it had a fald breakout. This has sent shorting vibes.
2. The penny stock is highly...
After a horrific crash from R4.22 down to R1.73.
There seems to be a consolidation range at the moment forming the next Head and Shoulders.
The right shoulder is not fully ripe yet, so we can expect a blip of upside to form the RS.
Once the price breaks below, then we'll see the next leg down.
Indicators are confirming downside to come inc.
200>21>7 -...
We saw a Breakout Falling Wedge pattern form on JBL.
The price then broke above BUT did not confirm and penetrate above the 200MA.
This caused a major fakeout and shakeout and caused the price to drop.
Sometimes this type of move is a stronger indication of a reversal.
Hence, the price has broken below the Falling Wedge and now has a target of R1.16.
200...
The last time I covered Jubilee was in October 2022.
I emphasized that the correction was for wave (4) and the Elliott Wave cycle calls for a 5th wave to complete the impulse move.
I also stressed that the price region of 231 zac to 186 zac was a key Fibonacci retracement zone, marking the 50% to 61,8% retracement of wave (3).
The share seems to have found some...
Jubilee Platinum is lagging the rest of the sector. We have seen good moves in stocks like Impala and Amplats, but Jubilee is still trading close to its lows.
I think at current levels and trading near the bottom of the range of the blue TL, this one is worth a punt. First hurdle will be the downward yellow TL, and thereafter we need to see a close above 2.70....
Jubilee enjoyed a stellar run from the March 2020 bottom as commodities boomed globally.
The share price appreciated more than 10x from 37 zac to peak at R4,26.
Such a strong run was bound to cool off at some point and the share has pulled back.
From an Elliott Wave perspective I remain bullish Jubilee in the short-medium term.
The rally from March 2020 was wave...
Bullish Falling wedge
Right now Jubilee is still in a range (Falling Wedge)
The sign that it'll break up is based on the previous uptrend. Price has been coming down but on a very low range and it doesn't seem quite convicing.
I want to say if the price breaks up we could see a target of R4.23
CONCERN
If the price breaks down, we could also see a target of...
