$JK.V Ready For Gains After Uber Partnership It’s been one week since JustKitchen (TSX-V: JK) announced its partnership with Uber Eats for operations in Taiwan, and we are still waiting to see some corresponding movement on the charts.
Price action for $JK.V is currently showing consolidation in the form of a pennant pattern after shares went on a 30% run at the beginning of the month. This shows me that investors who wanted to buy into $JK were mostly already in before this big news hit, as volume has taken a dip since then.
However, as prices push to close out the pattern this week, I expect to see a press release from $JK to spur some trading. This is based on a historically weekly press release schedule for the past few months. We have not seen an announcement from $JK since February 8.
I’ll be watching closely to see if prices make a break past historical resistance at $1.31.
$JK is currently trading at $1.2 and is valued at an MCAP of $90.17.