Tuesday, April 19, 2016

Jubilee Platinum to Break Down

Jubilee Platinum stock (LSE:JLP) is clearly a rough and volatile market, also caught in an equilibrium phase for the past several months. Right now, there seems to be a breakout to the downside.

The price has gone below the lower Trendline, as the RSI period 14 is below the level 50. This is a “sell” signal and it is possible that the price goes further to test the demand levels at 2.50, 2.00 and 1.50 within the next several months.

Jubilee Platinum has a bearish indication on it and it is possible that the price would go down and down.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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