Receive the latest alerts via email

JPN225 – breach of a trending resistance line that has been tested at least twice before.

JPN225 has broken through the resistance line of a Pennant technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 34 days and suggests a target line to be around 23240.8722 within the next 8 days.

Total
0
Shares
Previous Post

Intel Corporation is quickly approaching 60.03. We expect either a breakout through this line, or a rebound.

Next Post

Could a large bullish move on Microsoft Corporation be a sign of things to come?

Related Posts