Therefore I try my level best only to give you data, and information that I gather for different stocks, ASI and SL20.
In that light I would like to provide you with the movement of the JKH warrant 23 chart.
As we know the JKH W23, commenced trading on the 12th of November 2013. That is 30 days to date. During this period, there have been 9 bear candles, and 21 bullish candles. Altogether 4.3 million shares had traded during this period. Out of which 42% had traded on the 1st 2 days. At a high of 75, and a low of 53. During the next 12 days it had trended between a high of 66.70 and a low of 61.50. The volume for these 12 days had been around 803,000, which is about 19%. The next 5 days it has trended up from a high of 63.10 to a high of 75.50, thereby breaking the previous resistance of 75.00. A volume of 647,000 has changed hands during this period. After breaking the resistance of 75.00 it had consolidated between a low of 73.20 and a high of 76.00, for another 5 days with 487,000 shares being traded. From there for the next 3 days it had pushed over the 76.00 barrier, moving it to 80.00, with a volume of 459,000. The final 2 days it hit a high of 86.80, but dropped to a low of 82.10, with a volume of 175,000 shares.
Trend reversal
20th December, the day it hit the present high of 86.80, and came to a low of 82.10, to finally close at 82.50, created an inverted hammer. This candle formed an ideal trend reversal for the time being. Just keep an eye on it.
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