TJL has been in a long rally since January 2013. Stock is trending with minor corrections till now. The last being from the 23rd Nov to the 2nd of Dec. We can see that there had been 2 swing low points from the 1st of Dec to the 9th of Dec. The lower low being 33.80 on the 2nd instant, and the next lower low being .10 cents above that at 33.90 on the 8th of Dec. As long as it stays above 33.80, it could retest the previous high of 36.30. From 33.80 to 36.30 it is a nett return of 5%, and if it happens within the short term it could be an interesting return. But anything above 34.00 it may not be wise to get in to sell at that. Unless it breaks out and move to 36.90, and thereafter to 38.80. Realization of a break out and a movement of that nature in the short term can be highly ambitious, but in the medium term it could happen, based on the rally that the counter is in. Let's watch how it goes. |
| TJL 3 months movement |
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