JCY International tested the RM0.675 resistance level. It is moving sideways with high trading volume, we see that there is a possibility it will experience a technical rebound. If this happens, expect it to travel towards the short-term technical prices of RM0.705 and RM0.735. The downside support is anticipated at RM0.615, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM0.675

Target: RM0.705, RM0.735 (time frame: 2-4 weeks)

Exit: RM0.615

Source: AmInvest Research - 22 Sept 2020