Thursday, May 11, 2017

Go short on Jubilee Platinum!

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

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1 comment:


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