JB and ZJMY Holding Co (JBZY)

[Catapult Trader]

When a stock hits or goes above or nears the UPPER BOLLINGER BAND (40,4) it is time for a pullback, DOLV did this on May 30th when it reached above .12 cents.

That is why I pointed that price out as a point of resistance before it happened.

This pullback is simply that, a pullback from upper resistance.

That same resistance level is currently at .158 on the daily chart and climbing.

The chart action reads stability and not like a penny stock at all. If you took the price labels away you would swear it is a multi dollar stock.

This last week there was no panic selling. I did see someone dump 1.5 million shares and a 1/2 million shares on two separate days. But if I owned multiple millions of shares I would be tempted to take some off the table from the beginning.