$JCT The daily chart has been down for 5 consecutive days. I usually ask three questions:
1) How large is the decline? -38.69% is fairly steep, so a rebound after such a deep drop is possible.
2) Has the losing streak been broken today? We’ll have to wait for today’s close.
3) What was the volume on the day it broke? A bullish candle on heavy volume is more convincing than one on light volume.
If it were you, would you take a position or sit on the sidelines?
#JCT
1) How large is the decline? -38.69% is fairly steep, so a rebound after such a deep drop is possible.
2) Has the losing streak been broken today? We’ll have to wait for today’s close.
3) What was the volume on the day it broke? A bullish candle on heavy volume is more convincing than one on light volume.
If it were you, would you take a position or sit on the sidelines?
#JCT
