JAN 3.85% 25.0¢ janison education group limited

JAN technical analysis

  1. 348 Posts.
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    We've finally managed to close a weekly bar above the downward channel with a record weekly volume preceding the break. Here are some observations:

    Bullish
    -Higher highs and higher lows on the weekly
    -Higher swing high on the monthly
    -I noticed a single 133k transaction along with a few ~20 parcels go through on Friday (abnormal for this particular stock)
    -Weekly and monthly RSI neutral
    -Weekly RSI creating consecutive higher highs and higher lows (not seen since 2008)
    -Now that we have 3 weekly swing lows we can draw a trendline (last valid weekly uptrend was 2006!!!)

    Bearish
    -Daily RSI nearly overbought
    -I'm struggling to find bearish points

    Moving forward:
    -I would like to see 33c support hold
    -37-44c is a big resistance range and important VAP level, if we break this the downtrend will be broken on all fronts.

    https://hotcopper.com.au/data/attachments/1778/1778893-14b097d7b4d6455c39a4cb702be5c613.jpg



 
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Last
25.0¢
Change
-0.010(3.85%)
Mkt cap ! $64.58M
Open High Low Value Volume
25.0¢ 26.0¢ 25.0¢ $8.141K 31.70K

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No. Vol. Price($)
4 82706 25.0¢
 

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Price($) Vol. No.
26.0¢ 7025 1
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
JAN (ASX) Chart
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