Johnson Matthey- JMAT.UK
Time frame: D1
Technical analysis: The price has formed clear bullish "triangel" with confirmed "break trough" zone after bullish impulse formed on 31.05.2018г.
Indicators: We have support of 23.6% Fibo at 34.90 from the upside momentum started at 09.02.2018г.The price is above 200-DMA wich supports bulls; as a main psychological support we have the zone around 35GBP where is the upper trendline formed by the ascending "triangle" which is now support line
Enter: 35.00GBP
SL: 29
Alternative Scenario: If the price closes several times below 200 DMA and the price action gives us negative signals below the triangle formation probably the market will enter in"choppie trade".
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