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.
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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.
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