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Jaguar Financial Corporation JGFCF



GREY:JGFCF - Post by User

Post by Chris44on May 20, 2021 12:28pm
106 Views
Post# 33238649

2-3 Steps forward, 1 step back, it's the Trend that matters.

2-3 Steps forward, 1 step back, it's the Trend that matters.
Someone trying to trade around the edges perhaps. Or, an impatient bag holder unloading some of their holdings? Either way, it get's them out of the way for this to move higher. TBH, you can't expect for this to move any different than any other stock. Nothing goes up every single day. It's the trend that matters, and that has appeared to be turning around for us. For the last couple days, looking at the chart, I've suspected this may be forming a Reverse Head & Shoulders bottoming pattern. Well, that would've suggested one more minor/shallow dip (not as low as the bottom, and there's A Heavy range of Bidding at .13c and just under, forming the floor), just like we're having right now, and then bouncing bullishly into the new trend up. That's a very very common bottom, reversal pattern back into uptrend. In fact, we saw that in Gold over a month ago now, on the 4-Hour chart.
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