JBL

We had Jable. Jable actually came out with a good report guys. You can see they beat on EPS by 8.16% and beat on revenue by 9.3%. Nice nice beat and their guidance wasn't that bad but look at the slip and slide.

Now, initially we did pop up and we nearly came to the top end of this declining trend line right around $330, but then we slipped lost this long-term decline or inclining trend line.

Now, this is a big deal, guys. Now, I know it's only one candle down for the moment. You need to follow if you're a bull on Jable, you have got to follow where the next candle is going to be.

If we put in a candle close underneath today's candle, remember that NAC gas chart just the inverse that's going to put more probabilities in favor of more downside uh on the chart of JBL.

What about the Jabil company? We talked a little about this yesterday with the Fastmarket team . And today the actual profits were released. Yes, it's interesting to see how the stock reacts at the moment.

The stock is slightly higher at the moment. In the pre-trading phase, he was under some pressure. It is fluctuating now. It's slightly less. So, we are floundering in every direction now.

The situation changes as we speak. I think investors are trying to understand its results.

JBL down a little bit on earnings. This isn't a big drop. The stock yesterday closed around 9 uh 319. It's trading at 307. So, it's down about what is that 2 to 3%. The stock again was kind of befuddled in this lower range here.

I will just point out that you do have a little bit of a ascending trend line. Look at this. This is a great trend line and this is something I'm watching on a bigger time frame basis.

So, major pivot, major pivot, major pivot. Now, today we're trading down on earnings. If this line breaks, that would be a watch out below moment where this could really start to dump out significantly.

Now, JBL is involved in kind of software related to semiconductors and stuff like that. So, it's kind of in the semi space, it's rallied quite a bit with the semis. Um, but again, with Micron earnings after the bell, we'll have to watch and see what happens.