JLP (AIM) - JUBILEE PLATINUM PLC
Updated
I don't usually trade AIM stocks, however, this one looks promising.
Price has been decling over the last few weeks after a massive drive up from 4.5 area to 7.5.
We've seen a decent outside day on Friday which could be the start of another drive north with a target of 7.5.
I will wait until the market opens, if price opens above last weeks high of 5.282 I will enter a long position with my stop at 4p. If price opens below I will look to enter around the 4.7 area.
Price has been decling over the last few weeks after a massive drive up from 4.5 area to 7.5.
We've seen a decent outside day on Friday which could be the start of another drive north with a target of 7.5.
I will wait until the market opens, if price opens above last weeks high of 5.282 I will enter a long position with my stop at 4p. If price opens below I will look to enter around the 4.7 area.
Comment
As we can see price did not break last weeks close so we will be looking to hold until 4.7 and then enter on the ascending trend line and support. It should also coincide with the 50MA.Trade active
In at 4.9 after rejection from ascending trend line.Comment
Still holding even after this break of ascending trend line. Will hold until it breaks the 200ma.
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