Technical Analysis Mar 2012: JCY (5161)
JCY INTERNATIONAL BERHAD
Observation from Chart:-
JCY is forming head & shoulders chart pattern???
Will it break down RM1.08 support level? Or rebound?
Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K NO trigger BUY call yet.
High posibility will retest RM1.08 support level.
If selling pressure is too high, most probably will break down furthure.
MA100 will be next support.
Let's watch closely for entry opportunity.
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