A few weeks ago I mentioned JBH had possibly made a double bottom after a AB=CD move and price may be ready to reverse. I mentioned the possibility of price reaching $27.55 - $27.75 (161.8% fib) in a number of months. Looking at the w1 chart now (every candle is 1 week) I still share the same sentiment. I believe the double bottom was reached at the 38.2% fib and price will be reaching $28+ (give it 6-10 months). The price is currently feeling some resistance around the 23.6% fib, but it doesn't appear to be that strong and I would not be suprised to see a push higher soon. Given the state of the indicators there is some short term risk of a small slip downwards first perhaps, but I really don't expect to see the price falling below $18 again. TA discussion welcome. Am I the only one willing to share chart info on JBH?
w1 chart update
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Last
$61.21 |
Change
-0.470(0.76%) |
Mkt cap ! $6.692B | |||
| Open | High | Low | Value | Volume |
| $62.20 | $62.21 | $60.81 | $19.35M | 316.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1672 | $61.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $61.23 | 368 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| JBH (ASX) Chart |