CA4809014042 - Common Stock
Taking everything into account, JOR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, JOR is showing a nice and steady performance.
JOR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.07, a Stop Loss order could be placed below this zone.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @0.09. This is a Buy Stop order right above the 10 day moving average.||An exit @0.07. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 0.03 points, which is 28.57%.||For a 1.00% total portfolio risk, you can invest 3.50% of your capital in this trade.|
TSX-V:JOR (8/9/2022, 6:00:00 PM)0 (0%)
|GICS Industry||Metals & Mining|
|2 Weeks||-5.88%||1 Month||-5.88%|
|3 Month||45.45%||6 Month||23.08%|
|ATR Inc||-22.22%||Range Today||0.01|
|ST Trend||LT Trend|
|10 Day High||0.09||10 Day Low||0.08|
|20 Day High||0.09||20 Day Low||0.07|
|52 Week High||0.1||52 Week Low||0.04|
|CS1 End||0.07||CR1 Start||0.08|
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