AmInvest Research Reports

Stocks on Radar - JCY International (5161)

AmInvest
Publish date: Wed, 29 Apr 2020, 09:04 AM
AmInvest
0 9,273
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

JCY International bounced higher to test the resistance level RM0.26. The indicator momentum RSI is above 60%, and coupled with high trading volume, we foresee that there could be a technical breakout and it will climb towards the short-term target prices of RM0.28 and RM0.305. In this case, the downside support is anticipated at RM0.235, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.26

Target: RM0.28, RM0.305 (time frame: 2-4 weeks)

Exit: RM0.235

Source: AmInvest Research - 29 Apr 2020

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment