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Is $JCT about to trap everyone again?
The chart for JCT is looking interesting after that massive dump we saw recently. It found some decent support around the 0.0022 level and it’s been trying to crawl back up ever since.
Right now we are sitting at 0.0027. If you look at the previous price action every time it gets near this 0.0030 zone it seems to run out of steam. Sellers are definitely camping there waiting to push it back down.
Volume is pretty flat too which makes me a bit nervous. Without a real spike in buying pressure we might just sideways-bleed for a while.
I’m watching for a solid daily close above 0.0030 to feel any sort of confidence. Until then it feels like a "wait and watch" situation for me. Don't want to get caught in a fake-out.
What’s your plan for this one?
#IntelandTexasInstrumentsSurge