JMBA Daily Chart ~ Continuing Its Uptrend and a Cl
Post# of 2559
Posted On: 12/01/2013 8:59:46 PM
JMBA Daily Chart ~ Continuing Its Uptrend and a Close Above 11.72
My long awaited close above its previous high of 11.72 in mid October occurred on Friday. The stock also closed above the MA50. JMBA is now set for a possible closing of the gap which would take the stock to the 13.40/13.50 level. Along the way, we have the previous support level of 12.50, acting as resistance now, along with the MA100, currently at 12.86 and declining. In hindsight, the double bottom established near 10.40 was a good enter after all. GLTA
My long awaited close above its previous high of 11.72 in mid October occurred on Friday. The stock also closed above the MA50. JMBA is now set for a possible closing of the gap which would take the stock to the 13.40/13.50 level. Along the way, we have the previous support level of 12.50, acting as resistance now, along with the MA100, currently at 12.86 and declining. In hindsight, the double bottom established near 10.40 was a good enter after all. GLTA
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