Jubilee Platinum shares
(LSE:JLP) is now a bear market. The current weakness started in Mach 2017,
following a bullish January and February.
In the daily chart, the
ADX period 14 is at the level 20, showing that while there is no momentum in
the market at the present, it is expected to rise any moment soon. The DM+ is
below the DM-, showing that bears have upper hands.
The MACD default
parameters, has its signal lines and histogram below the zero line. There is a
huge Bearish Confirmation Pattern in the daily chart and price would go down
lower and lower.
Jubilee Platform price
would reach the support levels at 4.00, 3.00 and 2.00 within the next several
months.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
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