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Re: nelson1234 post# 172108

Wednesday, 05/26/2021 3:06:59 PM

Wednesday, May 26, 2021 3:06:59 PM

Post# of 173714
JAKK

I have no idea about the company, so I will answer your question on purely a technical basis as you asked. Although to be fair I used Fundies first, and Ta after, so not exactly how I use TA in the real world. But this how you ask, so this is how I will answer.

If I wanted to buy JAKK it closed the gap today, and I feel $7.50 is the first line of support, so If I really wanted it I would grab a few around here in the 7.70's. Maybe a few more if $7.50 looks like it is gonna hold. But the ultimate buy point would be around the 200 day moving average around $6.19. Now whether it gets there? Who Knows? RSI is 41 so not really oversold at the moment. Right now until Proven otherwise is buy maybe a few around here to $7.50, if It breaks $7.50 though on a closing basis, it may work it's ways to the low 6's than, so I would hold off on adding more at that point until it shows signs of stability if It breaks the $7.50 or so level on a closing basis. All is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
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