Tuesday, June 19, 2012

Technical Analysis June 2012: JCY (5161)



JCY INTERNATIONAL BERHAD

Observation from Chart:-

JCY succeed break through symmetrical triangle resistance level.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already trigger buy call.

High posibility will break through RM1.60 resistance level.
If using price projection approach, estimate this bull run will retest RM1.78 level.

However, if retrace down, MA20 / MA50 would be immediate support level.

Let's watch closely...

0 comments:

Post a Comment