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Message: JAG TA - Update

Looks like a Mutual Fund Monday.

JAG Technicals show sp hanging in good for last several days. Daily lows have gotten higher and higher each day forming an ascending triangle, a Bullish signal of pending upside to come, and which may make for a decent swing trade. OBV has also been Bullish for the last few days which is an indication of accumulation. Mac and Stoch are in Bull mode. However, Volume is not confirming and seems to be on the lower end of late.

A higher-low was made. Could be the bottom, but then may not. If a higher-high is made (above 5.55) then that is a tentative Bullish signal. If considering buying, a safer time would be to wait for the next higher-low.

Technicals only show the emotional buying and selling. News can change everything.

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