* Initial peak at the end of 2021 * Sharp retrace (automatic reaction) followed by quick rally into the secondary test * Sharp fall again on most bearish volume in that period * Long phase B of about 12 months * Down moves so much quicker than the up moves * Distribution occurring through this period * Ultimate high in April 2022 forming an upthrust after...
ASX:JBH Analysis of JBH and observed a potential swing trade using fixed range volume profile. See notes on chart.
this chart might be too busy, fundamentally Supermarkets (COL & WOW) chart differently to electronics/entertainment (HVN & JNH) which chart differently to
Hi all, Keep an eye on it. Plan your entry. Enjoy!
Hi all, Find your entry. Enjoy!
JB HiFi is going to go up over the next few weeks. Fundamentals - Promising Australian economic data ie skyrocketing consumer confidence, JobKeeper payments are 50% unused meaning potential demand, good May PMI's, retail sales beating expectations -----> suggesting recovering in spending - relatively isolated from geopolitical risk ie main market is...
Such a good setup; when a long term weekly resistance point is broken. Measured move is $10.20, giving a final target of $40.70.
By September 2016, JB Hi-Fi was flying hitting a high of $31. Over the next 6 months the stock would pull back and have a second attempt to rally to new high's without success. This triggered a sell off down to $21.20. By June 2017 we had seen an increase in supply levels and overall increase in volume until the climax. A nice strong automatic rally from $21 saw...
This is its 3rd time that it has tested that $27.60 resistance area and looks to have finally broken through. Looks like the momentum is there finally and with 93 buyers for 72,442 units vs 36 sellers for 18,791 units hopefully it will hold and continue its run. Might be worth a watch. JB Hi-Fi Limited (JB Hi-Fi) is engaged in the retailing of home consumer...
Retail has been nothing but a disappointment over the recent reporting season, i expect JBH to follow its peers.