that's definitely possible and considering the look of the
weekly chart how it came out of a nice base. Regarding the
H&S pattern I commented on the daily JO, I'm not in love with
it, it's not very symmetrical, and only valid if it were to break
the neckline, it could easily form something else like your wedge,
thx for sharing
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JO
Posted by ruscitti on 11th of Aug 2016 at 12:53 pm
I know Matt has been talking about a H & S pattern. Alternatively from the bullish take, I also see a falling wedge.
60 min: http://stockcharts.com/h-sc/ui?s=JO&p=60&yr=0&mn=3&dy=0&id=p13495257603&a=389033642&listNum=48
daily: http://stockcharts.com/h-sc/ui?s=JO&p=D&yr=1&mn=6&dy=0&id=p26736938015&a=389033643&listNum=48
that's definitely possible and considering
Posted by matt on 11th of Aug 2016 at 12:57 pm
that's definitely possible and considering the look of the weekly chart how it came out of a nice base. Regarding the H&S pattern I commented on the daily JO, I'm not in love with it, it's not very symmetrical, and only valid if it were to break the neckline, it could easily form something else like your wedge, thx for sharing