Annual Forecast for Jubilee Metals (2018)

Jubilee Metals shares (LSE:JLP) are a weak market. Price has been in a downtrend for the past several months and that just seems to be the beginning.

4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

All the EMAs are sloping downwards – signifying a strong bearish movement. JLP is supposed to continue going further and further southwards, reaching the accumulation territories at 2.50, 2.00 and 1.50 along the way.

Any rallied into the EMA 10 and 20 will be interpreted as sell signals.

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