AmInvest Research Reports
Stocks On Radar - JCY International (5161)
AmInvest
Publish date: Tue, 22 Sep 2020, 09:51 AM
AmInvest
0 9,386
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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 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
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