JPC CONNECTIVITY INC (6197. TT) is looking at a potential resumption of the uptrend after price action indicates a strong bullish break above the intermediate downtrend line and it has successfully cleared above the resistance at 146.50. We believe further upside is likely to continue as long-term MACD’s histogram remained positive and its signal/MACD line remained elevated above the zero line. Volume is also in a healthy position. Ichimoku shows a clear bullish signal. Short-term target is at 190.50 while long-term target is at 235.00. Support to accumulate on pullback is at 125.50.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.