$JEF takes a breath, moves sideways
In our Monday morning pre market Flight Path newsletter we took a look at JEF.
We mentioned that with the financials sector running up against long term resistance we may see a pause in names like Jefferies Financial Group. Indeed, we saw short term counter trend red arrows signaling that momentum having been overbought was now cooling off. While we haven’t seen much of a correction against the trend since Monday but we have indeed seen a pause, a sideways consolidation.
We mentioned that with the financials sector running up against long term resistance we may see a pause in names like Jefferies Financial Group. Indeed, we saw short term counter trend red arrows signaling that momentum having been overbought was now cooling off. While we haven’t seen much of a correction against the trend since Monday but we have indeed seen a pause, a sideways consolidation.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.