OTCPK:JENGQ - Post by User
Comment by
steam73on Dec 21, 2012 4:03pm
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Post# 20762861
Technical Analysis- JE Dec 21, 2012
Technical Analysis- JE Dec 21, 2012 Happy Doomsday to everyone! World ends at 6PM tonight, 6:30 in Newfoundland. Watch it on the CBC in Canada!
Anyways, reviewing the technicals for JE today, price closed at $9.72 which has now passed the 50 day moving average of $9.53. The 9 day moving average is now positive and the MACD is now in positive territory. RSI is trending at 58.05 and appears to be strenghening again. Price is pushing its upper bollinger band but is still within the bollinger band range based on 20 day moving average.
The stock is pushing its short term resistance of $9.70, which was reached on December 12th. I do expect this stock to retreat back to $9.50 before pushing above the $9.70 mark on its way to $10 in the New Year. Assuming no change in the dividend in January and a positive earnings report later in the month, this stock could reach $10.50 by the January ex-dividend date.
Steam