Not yet _bbb_, but it's getting close.. As i mentioned last week we need that 10.50 to hold, .. The Arroon maintains green above red.. ADX red reverses, Black returns with green up..
MACD graph signaling it has peaked, with green over red crossover, as buy signal. RSI may want to dip completely..
The slow stoch (red) dip and fast (black) cross above. The WM is dipped into buy..
Over all we are very close to an increase in PPS, and trending toward it.. We need a volume increase to reverse and or contain the studies dips.. The current pattern is an ascending wedge and that support, once it topped is at 10.50. Guiding from the chart I posted months ago, we saw this wedge well before it began climbing.. The tip of it pointed at 13.50. A wedge almost always checks back to support well before the tip. Hold of 10.50 and above is a back test. When support is confirmed,, not much different than the MA crosses, 100/50 then the 200/50, the 200 under the 100 was final conformation of stability.. now it's being testing.. continued support of 10.50+ is the confirm, and up we go from there...
When this nears, the other studies will begin to confirm upward pressure, the boilies will tighten in, (the studies must confirm up, if not it's a signal of a reversal with pinching) and with positive direction of studies, the PPS will pop.. ..
The previous target of 13.50 could be bypassed quick.
As the compays current guidance is and has been on target, other than the current strenth conformation test, JGBO PPS will continue on up..
Corn-fused-us Long-vestor ancient saying: Patience and small movements keep a steady course.
I don't have a humble opinion!
At's ma boy!
