Chart Source : Poemsview 26th Jan 18
Jumbo broke out of our long term downtrend resistance line. A nice healthy volume is coming in too.
Staying above the downtrend line of 0.62 might see our next upside target at 0.645 then 0.665. It is currently also above the 200ma which is a good sign to us..
Our Support would be at 0.59 horizontal support where we first spotted our entry. Which is now the resistance turn support.
Could Jumbo be running before Chinese New Year? More festive dining could mean better profits in the next quarter.
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