Looking on the daily chart we are trying to retain above the 21sma, startiung to see increasing volume with the Accumulation Distribution line move upwards. Money flow index also starting to curl and we are now trading above the 50sma creating new support.
Symbol: JWCA.v
Market Outlook: We are expecting James Wagner Co to test the $0.80 level looking for a possible break after previous test on Jan. 2nd/3rd then consolidate above.
Support: $0.66
- 21sma – $0.71
- 50sma – $0.66
Resistance: $0.80
- Upper BB – $0.78
- 100sma – $0.80
Technicals: MACD trading above 0 and starting to deviate, Accumulation/ Disribution (ADL) line starting to move upward as well as the money flow index curling off “oversold”
Sentiment: Bullish
