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Sunday, July 3, 2016

Jumbo

Jumbo - 3rd July 2016

Jumbo after hitting the high of 62 cents on 8th June 2016 it has since retraced and went down to touch 55 cents on 24th June 2016 .A good break/pause after the impressive runned-up and is now gaining strength which was witnessed by the long thrust bar that was happening on 1st July 2016 and closed well at 61 cents. This is generally quite bullish.

Both Macd & Rsi are still rising and may provide further indication that the share price may continue to trend higher.

Short term wise look for a breakout at 62 cents + good volume that may propel to drive the share price higher towards 65 then 70 cents with extension to 80 cents.
(Trade base on your own decision)

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