Technical analysis by GoldsteinTheProfiletrader about Symbol JTO: Buy recommendation (4/28/2025)

JTO looked terrible for a looong time. Now the market is way too short on it, which is visible in all the b-shaped profiles. That means we had very aggressive sellers that forced the price to the downside to liquidate the longs. Once that is completed, it leaves the market without underlying selling potential. So the aggressive sellers will become the victim, as they are acting against the long-term buyers which are currently accumulating.As the pmProfiles (previous month profiles) give us our main targets, the upper b-shaped pmProfile needs to get re-inspected. The pmPOC becomes target number 1. "Long liquidation depletes the market ofselling potential, which will often set the stage for a meaningful rally thatcarries price substantially beyond the levels that triggered the liquidationin the first place." That´s why I think bulls have a very good chance to even run for the pmVAH above 2.5$. I bought some JTO here, might buy a bit lower if the price goes a bit lower once again. Looking for the pmPOC as TP1 and pmVAH as TP2.