This is an ascending scallop and price is entering a small bearish phase of the scallop
I expect this to move down to a stronger trend line up and bounce off that line
Bars pattern shows my thoughts
The PEAD projected a Bullish outlook for $JHKY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Fundamental Indicators:
Sector – Technology
US Business Cycle Stage – late cycle, when this sector is the least favourable
Revenue - consistently growing since for the last 10 years, average 5-year rate at 16%
Profits – 2022 TTM shows 13% increase compared to 2021
Net margin – a good level of margin with 18%
P/E – quite high at 42 compared to...
Jack Henry looks great right now. A month from now, that's who you want your backup center to be.
There's really no room for anything else. That includes the other centers available. The two guys fighting for that backup center job are Henry and Jordan DeRozan, who is a rookie.
DeRozan and Henry may very well end up competing for the backup center job.
But it...
The PEAD projected a Bullish outlook for $JKHY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 40%.
Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of...
MACD bullish crossover on the 200-day is a quality technical signal.
A price action above 152.00 supports a bullish trend.
Upside price momentum supports the bullish trend.
A break above its 200-day will act as further support to the trade idea.
Upside price momentum supports the trend as well.
Jack Henry & Associates, Inc. JKHY reported third-quarter fiscal 2020 earnings of 96 cents per share, which surpassed the Zacks Consensus Estimate by 18.5%. Further, the bottom line surged 25% from the year-ago quarter.
Revenues improved 13% year over year to $429.41 million. The figure also outpaced the Zacks Consensus Estimate of $409.65 million.
The main idea behind this is to use all probabilities we can to get a likely win
- The uptrend is apparent
- There has been a pullback
- The pullback is slowing and at the trendline
We then aim for a decent risk to reward of 3, or above 2 if 3 seems over ambitious.
NASDAQ:JKHY may experience more downside in short term. Stock looks relatively weak in 2019, and after reaching corrective waves retracement targets, may go much to ~110$.
Entry: below 135.4 (or current level for more aggressive and less reliable trade)
Stop: 144.38
Target: 110-120 (depending on how trade developes furhter)
