Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Although it may be the case that aggressive bulls of JKX Oil and Gas feel that near current levels the shares are starting to look attractive, from a bargain-hunting perspective, at least on the basis of classical technical/charting methods, it would appear that there is still too much here as far as downside momentum to suggest a bottom fish.
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