$JTO — BULLISH STRUCTURE BUT BREAKOUT UNCONFIRMED!



Class, open your charts and look at JTO. Price is in an uptrend with higher highs and higher lows. Structure is bullish, phase is accumulation. Momentum is at 66/100, moderate. Support sits at $0.5438, resistance at $0.5986. Volume is weak, and breakout is unconfirmed. This tells me the move lacks conviction.

What I'm watching: If price breaks above $0.5986 with volume, the next target is $0.630, then $0.660. If it rejects, a drop to $0.560 is likely. The RSI is likely neutral given the momentum reading. I'd wait for a clear breakout or breakdown before committing. The setup is not confirmed yet.
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JTO-1.20%
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