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JES International ST: the RSI is oversold
Trading Central | 2015-03-04 00:16:00

Alternative scenario: the upside breakout of 0.033 would call for 0.037 and 0.039.

Our pivot point stands at 0.033.

Our preference: the downside prevails as long as 0.033 is resistance.

Alternative scenario: the upside breakout of 0.033 would call for 0.037 and 0.039.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.03 and 0.03). Finally, JES International is trading below its lower daily Bollinger band (standing at 0.03).

Supports and resistances:
0.039 **
0.037 *
0.033 **
0.031
0.026 last
0.021
0.019 **
0.017 *
0.015 **

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