$JTO is moving inside a clear sideways range on the daily chart, between $1.50 support and $2.50 resistance.
Right now, the price is at $1.94 after bouncing from the bottom of the range ($1.83 area) and is heading toward the middle zone. The 50-day moving average is also nearby, which might act as short-term resistance.
If bulls manage to push above this mid-level, momentum could carry $JTO toward the top of the range near $2.40–$2.50. But if price falls back and breaks below $1.83, it could revisit the $1.50 support.
For now, as long as the range holds, buyers have the upper hand toward the next resistance zone.
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