Grab a daily for JMS. It that a breakout to the upside from a descending triangle or am I going blind?
OK - baseline 33c hit twice on 20/12 and 4/1. Descending upper trendline hit twice on 28/12 and 12/1.
Lets see - orthodox target is 42.5 - 33 =9.5 + 36.5 = 46 cents.
It looks pretty neat. Almost a textbook example. Of course a much more bullish interpretaion would be to construe the triangle as a flat sided or irregular pennant. Price target would be considerably higher.
Grab a daily for JMS. It that a breakout to the upside from a...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $436.2M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $217.1K | 986.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 246890 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 713907 | 16 |
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| Last trade - 12.07pm 09/08/2024 (20 minute delay) ? |
| JMS (ASX) Chart |