10 Months later and +156% higher, my long idea is closed. For those who know me and have closely followed my analysis over the last few years know that I make frequent use of the monthly chart in long term decisions. This was the case with JBL where my buy/long in October of last year (see attached) was based off the monthly chart, suggesting an extending time...
A rise from 112c to 417c in less than a year (+270%) is no mean fate, right? There was a corresponding big boom for SA recourses so isn't it always said that the incoming tide lifts all the boats? All is still good and well for those who bought in October '20 but will the profits hold, and is there a chance for some improvement at the current price? • The purple...
Jubilee broke a strong resistance at R3.50, shooting up 18% to hit R4.15. I expect a pullback as it reaches the upper end of the trend line, before moving higher again. I'll use this upcoming pullback to add to my position.
In correlation to news, price action is rising quite nicely. It a bit extended IMO. If it can break above the 4H resistance eod and hold that will positive for me. Watching MACD and RSI closely for a jerk reaction to the downside. Sideways.
Jubilee has been trading low but with demand in Platinum it has been able to rise.Jubile currently trading at R3.30 has to pass that resistance level at R6.70 to be able to reach its A.T.H at around R16.
So I missed this trade and it ran really hard. Time to sit idle until a pullback to the 300c. Sitting and doing nothing is part of this game
Jubilee Metals has seen steady increases since reporting their earnings back in November. Uptrend support line has been respected until post mid Jan. This was a heavy dip but had a decent rebound yesterday. Seeing the trajectory and formation of this dip, could be signs of a short term trend change. It would take a few more 8% + consistent daily movements to put...
I made reference to Jubilee Metals in my analysis titled 'Why Precious metals streaming and royalty companies make sense' as a "...speculative play in precious metals scrap recovery/conversion to sellable products". This company is on my watchlist for so many reasons, chief of which are: - From fundamental perspective, the Kabwe mining license (Zambia) extension...
Stepping back reviewing the monthly chart, we note the price is the early stages of a multi-year base breakout. The 14-month RSI is strong, trading above the 70 level. This chart forms part of a larger research note. It should not be considered as financial advice.
Just an observation, looks like a double top, could also be a continuation within the channel, seems over extended for now.
It looks like we are bouncing off the kijun zone (yellow). This zone was an important support back in 2017 and it seems to be still a good support zone. If my thesis is correct we should rally to around 89-90 and then drop again from the double top formation. Entry 75 SL: 69 TP: 89 ( SSB Level) RR: 2.33 Manage that risk appropriately!!
Jubilee Metals has corrected lower in recent weeks to retest the breakout level of 2.80p and slightly below this at the 61.8% Fibonacci support level. The large reversal today is an encouraging sign which the shares set to close above the 10EMA. It’s also been noted that trading volume has been consistently above 50k for the past 90 days. It looks an interesting...
JBL - initially broke out of a 12 month box consolidation pattern back in April 2019, It has then gone on to form a 5 month bullish flag that has now also broken out to the upside. RR: 1:3+