Technical Analysis Blue Jet Healthcare Ltd.

The stock $BLUEJET is most recent daily candle shows a solid upward move gaining over 6%. It is comfortably breaking out of its recent short-term consolidation. After hitting a major bottom near the 341.00 level around late March/April the stock started moving up. It is now consistently forming higher highs and higher lows which is a classic signal of a new uptrend. Support immediate support is now around the 480 to 500 zone where the stock previously paused before breaking out. The ultimate major support remains at the 341.00 bottom. Resistance as the stock climbs it will encounter resistance at levels where it previously fell from. The next significant hurdles to watch are likely around the 560 and 600 psychological zones. For short-term buyers the strong price breakout backed by massive volume makes this an attractive buy on dips opportunity, with immediate upside targets around the 560 and 600 levels. For existing holders the stock is a solid hold as it continues to form a healthy pattern of higher highs and higher lows showing no signs of exhaustion. Buyers can manage risk by keeping a strict stop-loss below the immediate support zone of 480–500 while holders can trail their stop-losses higher to protect their accumulating profits as the bullish reversal plays out.