JAG 0024
Overall prices are in a strong uptrend until recently, a massive drop causing a disruption in prices and the overall chart pattern. Prices went all the way down towards the 0.382 Fibo level, at the same time maintaining below the 1/2 Angle, which is very bad. Prices tried hard to rebound at the 1st layer support and couldn't do so as well.
Fast Forward Today, we see that prices are leaning towards the 1/2 Angle, at the same time prices are in the Triangle of Truth. A few levels for prices to breakthrough in order for a confirmation of uptrend.
1st - Prices must break above the 1/2 Angle.
2nd - Prices must stay above the Last Line of Defense.
3rd - The final piece, Prices must break up the 1/1 Angle.
Fail to meet any of the 3 requirements then the uptrend will not come.
Industry: Industrial Services.
In this fast-moving digital world, we get information in a few clicks.
However, we rarely get first-hand information and more often we get misleading news.
Investing in stocks today is very different from the past, but one thing hasn't changed - to study about a stock before putting money in.
A stock chart contains data that is publicly available and accurate by itself. By having certainty in data quality, we can comfortably study charts and make investment judgements.
At Chart Story, we believe stock prices move for a reason. Our objective is to share what we believe.