Sunday, July 5, 2020

Green indicator for JFC and MEG looking at MA and RSI


Looking at JFC with MA10, MA50 and RSI (9, 25) indicators. I was able to bounce and sustain the long term MA50 indicator and candlestick is above MA10. RSI 9 indicator is also above RSI 25. This is a very chart for JFC. I will likely make a position for this stock on Monday. I will watch the resistance also at 152, if it breaks let us see the price action at 184.


It looks the same story for MEG as both MA10, MA50 and RSI (9. 25) indicators confirmed a good entry. Good to enter 3.2 and next line to test is 3.45. If it breaks the 0.5 of the Fibonacci retracement then we'll lock in 3.9 price.

No comments:

Post a Comment