Break out on Daily TF for JP Power #JPPOWER #Breakout
JP power has given a Break out on Daily time frame & looks very strong on the weekly & Monthly time frame as well. The stock has given BO on Daily TF with a good volume. RSI is above 60 which is strong momentum.
Looks strong on weekly time frame as well. Resistance at 6.84, a monthly close above 6.84 will make a strong candidate, the monthly chart is under the C&H formation. A close above 6.84 will have a target of 8 followed by 10, both are strong resistance.
Disc : Invested, chart for educational purpose only. Not a reco for buy/Sell.
Looks strong on weekly time frame as well. Resistance at 6.84, a monthly close above 6.84 will make a strong candidate, the monthly chart is under the C&H formation. A close above 6.84 will have a target of 8 followed by 10, both are strong resistance.
Disc : Invested, chart for educational purpose only. Not a reco for buy/Sell.
Note
What a move, a strong closing with good volumes, closed above 6.84, RSI on a daily chart seems to be getting ready for a fresh BO, from the trend line of previous high in June. A monthly closing above 8 will set the field for 10Note
What a move by JP Power, moving closer to the target, 2x for me, so booked 50 % free my capital, now holding free shares in my account. Buy & forgetDisc; Not a reco for buy & sell
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