Jadason - Potential for Bigger Move

Jadason caught my attend in April as it make s strong move up in late March and then spent the first half of April retracing 50% of the prior move in March.  It found support at this 50% retracement (0.049) and began to propel up again, closing at 0.074.

I will not be too surprised if it needs to consolidate (ie pullback some) from here but the bigger picture (weekly chart) below is suggesting the move is far from over.    

The odds are good that it could reach 0.115 over the next few weeks/months (ie another 55% upside from the current price of 0.074).

I will put a trailing stop as having good odds is not a guarantee that the trade will work out according to my expectations. Always have a safety net and cut loss if it doesn't work out.

Let's see!

Daily Chart of Jadason

Weekly Chart of Jadason