JKH | Horrifyingly Bearish

2023年2月27日

The stock broke below the long-term support range on February 20th and subsequently retested the previous support level on Feb 24th. However, it encountered heavy resistance and continued to show a bearish trend, forming a head and shoulders pattern. If the stock fails to hold at 135 levels, it may seek support at the 200-day moving average or even at the Fibonacci retracement level of 1.618 around the 128 range

2023年2月27日

ノート

Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.

2023年3月1日

ノート

01-03-2023
The stock has retraced towards the head and shoulder neckline and 10-day moving average after a previous downtrend. Until a proper breakout of both resistance levels occurs, the stock is likely to remain in a bearish phase. A break above both resistance levels could indicate a bullish reversal, but until then, caution should be exercised with having a proper stop-loss.