JAY – Bluejay – is well rested

JAY weekly chart

UK AIM Share Bluejay Mining – JAY – is a share I’ve held now since the back end of October – its price is very low at just 24p per share so it invites investment to those who like to look for growth in stocks that are really cheap.

I thought it would be good to write about JAY this week because of what has happened to them over the last 3 weeks. Take a look at the chart and you’ll see they have just come out of a rest period. Every share needs time to rest.

Looking at the weekly chart here you can see the rest took the RSI back to the 70 level and last week went back above this level . Investors would also be advised to take a look at the monthly chart as the share will also show how it has remained above the 70 RSI level since February showing real strength.

Reasons to be in this share:

  • RSI on weekly and monthly remain above 70
  • Weekly MACDs short term and longer term are green

Don’t just take my word for it though. Do your own research and maybe let me know your thoughts but for me this one is a swimmer!