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JP Assoc

Discussion in 'Technical Analysis' started by Prescilla, Feb 19, 2013.

  1. Prescilla

    Prescilla Member

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    Hi Shabbir,

    How are you? This is my first message to you.

    Can you pls. help me in JP Assoc. In this case the SMA(i.e.20days) is below the LMA (i.e. 50days) and the 200days M.A. is also parallel to these two lines. Can you pls. tell me whether the stock will move up or down? I appreciate your urgent reply. Kindly excuse me for my urgent help.

    I also think below these two SMA and LMA a cup is formed. Kindly excuse me If am wrong.

    PF
     
    Prescilla, Feb 19, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Prescilla, glad to see you in forums and in JP Assoc the long term trend is down and so this stock should be avoided.

    82 was a strong support of this stock which has cracked and so now that would act as a very strong resistance.
     
    shabbir, Feb 19, 2013
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  3. Prescilla

    Prescilla Member

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    Hi Shabbir,

    Thank you very much for your prompt reply.

    Bye and Regards,

    PF
     
    Prescilla, Feb 19, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Feb 20, 2013
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