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JBM AUTO LTD
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JBM Auto Ltd getting ready for next leg up

Por NNiveshak

  1. sales and earnings have been rising for several quarters
  2. Price action suggests an potentially explosive move on the cards, large outside candle followed by two inside candles on weekly TF
  3. Volume and volatility has also contracted
  4. Good Relative Strength
  5. Previous upmove in jan was from a similar base (18Wks/ 30%) in which the stock is in right now
    I will look to enter above 2070 initial stop: close below 50 DMA
breaoutcontractioninsidebarsOIIpocketpivotrelativestrengthSupply and DemandSupport and ResistanceTrend Analysis
NNiveshak
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