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Home Investing

Hydrogen Co. Begins Upleg on Good News

by Trading How
February 27, 2022
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February 25, 2022 (Investorideas.com Newswire) Analyst Clive Maund says this hydrogen inventory is prepared for a major rally after information of agreements with two North American meals firms.



It had been deliberate to put up an replace on Jericho earlier than the open Wednesday, in response to excellent news out of the corporate, however a sudden energy outage prevented it. In that occasion, it mattered little as a result of though it ended up 3% up on the day, it closed under the place it opened, so that you would not have picked it up at a greater worth yesterday than it’s at now. The alert that was deliberate to be despatched out learn as follows:

“Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTCMKTS) seems prepared for a major rally now. Over the previous week it seems to have been forming an intermediate base with three bullish white candles having shaped, and the Accumulation line has held up very properly on the current response. So it’s fascinating to see the very constructive information out of the corporate this morning that it is teaming up with two North American food companies. We bought the stock again a few weeks in the past once we thought the response had run its course, however it had a bit of additional to go, nevertheless after its creeping positive aspects of the previous couple of days, we’re already up a shade on that buy.”

What was written on this alert stays legitimate, and the one remark so as to add after yesterday’s motion is that, though it did shut under the place it opened, there was a quantity breakout as we will see on its newest six-month chart under, and a stronger quantity breakout on the U.S. traded inventory, which suggests that the subsequent upleg has begun even when we see some short-term uneven buying and selling.

We subsequently keep lengthy and that is additionally a fairly good level to purchase or add to positions.

Jericho is in hydrogen which is a gasoline of the longer term.

Jericho Power Ventures website

Jericho Power Ventures. JEV.V. JROOF on OTC, buying and selling at CA$0.69, $0.55 on Feb. 15, 2022.

Posted at 8:10 a.m. EST on Feb. 16, 2022.

Clive Maund has been president of www.clivemaund.com, a profitable useful resource sector web site, since its inception in 2003. He has 30 years’ expertise in technical evaluation and has labored for banks, commodity brokers and stockbrokers within the Metropolis of London. He holds a Diploma in Technical Evaluation from the UK Society of Technical Analysts.

Disclosure:

1) Statements and opinions expressed are the opinions of Clive Maund and never of Streetwise Studies or its officers. Clive Maund is wholly liable for the validity of the statements. Streetwise Studies was not concerned within the content material preparation. Clive Maund was not paid by Streetwise Studies LLC for this text. Streetwise Studies was not paid by the creator to publish or syndicate this text. Extra Clive Maund disclosures are listed under.

2) The next firms talked about on this article are billboard sponsors of Streetwise Studies: Jericho Power Ventures Inc. Click on here for essential disclosures about sponsor charges. The data offered above is for informational functions solely and isn’t a suggestion to purchase or promote any safety.

3) This text doesn’t represent funding recommendation. Every reader is inspired to seek the advice of together with his or her particular person monetary skilled and any motion a reader takes because of data introduced right here is his or her personal accountability. By opening this web page, every reader accepts and agrees to Streetwise Studies’ phrases of use and full authorized disclaimer. This text is just not a solicitation for funding. Streetwise Studies doesn’t render normal or particular funding recommendation and the data on Streetwise Studies shouldn’t be thought of a suggestion to purchase or promote any safety. Streetwise Studies doesn’t endorse or advocate the enterprise, merchandise, providers or securities of any firm talked about on Streetwise Studies.

4) Now and again, Streetwise Studies LLC and its administrators, officers, workers or members of their households, in addition to individuals interviewed for articles and interviews on the location, could have a protracted or brief place in securities talked about. Administrators, officers, workers or members of their instant households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand revealed firm releases. As of the date of this text, officers and/or workers of Streetwise Studies LLC (together with members of their family) personal securities of Jericho Power Ventures Inc., an organization talked about on this article.

Charts offered by the creator.

CliveMaund.com Disclosures:

The above represents the opinion and evaluation of Mr. Maund, based mostly on information accessible to him, on the time of writing. Mr. Maund’s opinions are his personal, and usually are not a suggestion or a proposal to purchase or promote securities. Mr. Maund is an impartial analyst who receives no compensation of any sort from any teams, people or companies talked about in his stories. As buying and selling and investing in any monetary markets could contain critical danger of loss, Mr. Maund recommends that you just seek the advice of with a certified funding advisor, one licensed by applicable regulatory companies in your authorized jurisdiction and do your personal due diligence and analysis when making any type of a transaction with monetary ramifications. Though a certified and skilled inventory market analyst, Clive Maund is just not a Registered Securities Advisor. Due to this fact Mr. Maund’s opinions in the marketplace and shares can solely be construed as a solicitation to purchase and promote securities when they’re topic to the prior approval and endorsement of a Registered Securities Advisor working in accordance with the suitable laws in your space of jurisdiction.

Extra Data:


Investorideas.com Newswire

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