Tuesday, February 7, 2012

Technical Analysis Feb 2012: JCY (5161)


JCY INTERNATIONAL BERHAD

Observation from Chart:-

JCY keep forming higher high & higher low, nice uptrend.

How high will it go?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K NO trigger SELL call yet.

High posibility will retest RM1.55 resistance level.
If coming Quarter result is above expectation, the bull run might be continue.
If retrace down for consolidate, MA20 is immediate support.

Let watch closely for entry opportunity.

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