VNL 4.35% 11.0¢ vinyl group ltd

JXT Charts and discussion, page-56

  1. 1,435 Posts.
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    Thought I'd share my chart.

    Technically, JXT looks pretty good. Broke out of long-term falling/descending wedge pattern after finding support at 16 and started new uptrend. For those wanting to enter this, 0.25 and 0.275 would probably be where I would enter bids and they also happen to be important Fibonacci retracement zones. Every time RSI has been at these levels a good pullback has come shortly after. Could also enter a bid at that lower support/trend line and see if you get lucky. It may be considered high buying here for those wanting to top up also and I would wait for a better entry if I already had a parcel in this and wanted more.

    https://hotcopper.com.au/data/attachments/1763/1763927-bbe1d836cc5a26a1dcbdeb62125eef73.jpg
 
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