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...
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