The $11 target comes from the break of the ascending triangle which has formed over the last 12 months --- technically it needs to decisively break $8.40 on a weekly basis and then most probably retest that break sometime.
On my behalf it is just an observation and not a prediction --- I’ve done abit of study on TA and had some experience with it --- but it is only an indicator.
It gives some guidance and is abit of fun.
JBM have been a fantastic stock for me over the years --- anything is possible – up or down, I suppose.
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The $11 target comes from the break of the ascending triangle...
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