Almost a month ago I shared the chart below on Stocktwits and Twitter, reflecting that Joy Global (JOY) was on a key support line after a 50% decline and that it has paid to buy it on this support line.
On top of that, a breakout could be sending a “Joyous” message in regards to the industrial sector.
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Below is an update to the chart above, reflecting that JOY has gained 16% in the past month and has broken above another important resistance line.
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The next falling resistance lines that will be a big test for JOY comes into play around the $70 level…. then at $85.
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