JKSE Currently

After plunging days ago, today it rebounded a lot & forming a bullish engulfing pattern in the daily chart. The main question in this situation should be "Is this a real one or a trap one???". Let's check it in the chart then.

Based on the monthly chart, JKSE seems to have its strong support at MA25 & Fibonacci Retracement 23.6%, which seems to be a strong one for this time. But let's take a look back in a moment to 2008, we saw that the monthly chart showing that there are several times of bouncing from 23.6% before another plunge to 50-61.8% area. Will it happen again? Better watch out, put a very tight stop loss.

Have a good nite....^^

Happy Investing^^
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