Jupiter Fund Management (LON:JUP) closed above the 20 Day high and initiated breakout high for turtle traders for the first time since June 2018.
More on Turtle Trading
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The June 2018 breakout proved to be a false breakout, will it be any different this time? May be worth waiting for ADX crossover to strengthen the signal or another confirming indicator/overlay of choice
Buy Zone is represented by the blue channel
Channel width is approx 8.5% as measured with stocko measuring tool (Think stops)

5c40661728bc6Jupiter_1.JPG5c40663cba81cJupiter_2.JPG

Bull case 

  • Chart indicates that Jupiter Fund Management (LON:JUP) is a suitable candidate for trend following systems
  • Well respected bond fund offerings (may offer some downside protection in turbulent markets for those who are bearish)
  • Good Dividend yield for farmers 
  • Q rank 96

Bear case 

  • EPS Downgrades 
  • High redemption's in some (Euro Bond) fund offerings  
  • Firm downtrend established (however sentiment does change with time)

5c40676e21aa7Jupiter_3.JPG

qualifies for 2 Screens 1 long and 1 short 

Anyone have any views on £JUP 

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