Current price: 18.25
Key point: 17.40
Our preferred direction: buy positions at the highest levels of 17.40, targeting 19.20 as the first target, then 21.30 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 17.40 level, targeting 14.60 levels
Technical commentary
Jaco stock rose from the support levels of 14.50 and from the harmonic pattern, breaching a descending trend line from the peak of last April, moving in a rectangular pattern, and with the breach of levels of 19.20, the stock will target levels of 21.50.
