JDR 3.45% 3.0¢ jadar resources limited

RIO TINTO Nearology Jadar Project, page-224

  1. 1,342 Posts.
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    I'm looking at a technical chart and see no reason for it to go higher.  The chart I've post id configure for macro trend analysis. This chart does not pick tops or bottoms. It more trend following and is very accurate.

    Brief explanation of indicators.

    1. Price below 18 EMA?  yes

    2. Is 20 macd ema below zero line ? yes. And also the 3-6 trigger below zero.

    3. Is the 50-100 macd below zero line ? yes,  and has crossed.

    4. Volume has been declining since float. Only 3 green days on price.

    5. A best-case scenario is a mean reversion to the 18 ema. JDR9fed 18.PNG
    Last edited by Patong1: 09/02/18
 
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