Wednesday, August 1, 2012

Technical Analysis Aug 2012: JCY (5161)


JCY INTERNATIONAL BERHAD

Observation from Chart:-

JCY succeed break through RM1.59 resistance level.

How high will it go?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Higher high been formed, if retrace down, it's an opportunity.
If retrace down, MA20 would be immediate support level.

Let's watch closely...

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