During my last post on JKH I mentioned, that an average daily volume was 241,000 shares, The support was 219.90. During the last 3 days of trading todate, the volumes are as follows: 23rd - 5696 shares, 24th - 246 shares, and so far today - 4743 shares. Price range was - High - 223.50, Low - 219.00.
As expected the support at 219.90 was tested today with a mere 62 shares being traded at 219.00 out of the total of 4743.
The candles during the 3 days under review, 23rd candle shows a an inverted hammer, signaling a trend reversal, interestingly today's candle shows a hammer, which gives a mixed signal.
At this moment the stock is going hither and thither, with low volumes.
Because of the play you have on this with the Water front Project, this could be collected ideally around 210. If you are not getting it there you have to follow the present support of 219 to 220, and place your entry around this range. If you want to take a trading look at this, it is highly recommended to have a stop loss at a minimum of 215.00.
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