Jaya Holding: Breakout and Bounce Down?

Jaya Holding is reaching a very critical resistance between $0.66 to $0.67. This level considered a 4 in 1 resistance where 20D MA, 50D MA, 78.6% Fibonacci Retracement Level and previous uptrend support line. If this resistance can be broke, there is a good chance to start an uptrend. $0.57 proved to be a very strong resistance as the stock price bounced back from this 200D MA which is also the 61.8% Fibonacci Retracement Support.

Leave a Reply