JP Power - Trendline BO and retest

٥ أغسطس ٢٠٢١

Watch for a bullish signal.

Technicals:

• Trendline breakout and retest done on 1-hr TF.
  
• Very likely to reach 6.5 (Near previous high).
  
• SL can be placed at 4.5
  

Fundamentals:

• Company has come up with net profit after 5 years.
  
• Balance sheet is improving.
  
• Reserves are near all time high
  
• Stock is trading at 0.34 times its book value (15).
  

Its just an analysis, not a buy recommendation. Consult your financial advisor before taking any decision