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JCY testing the resistance at 0.795

Edwin Toh
Publish date: Sat, 03 Nov 2012, 07:22 PM
Edwin Toh
0 184
Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.


Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
Recently JCY broken the sideline trend between 0.665 ~ 0.745 and shoot up to 0.8..

Let check the stock analysis chart on JCY




Indicators
1) Trendline - Broke above the Sideline(Bullish)
2) Support/Resistance - Formed higher high  (Bullish)
3) MACD -Positive (Bullish) . Watchout for bearish signal such as 4G1R
4) RSI - Broke above 70% (Bullish)  
5) STO - Broke above 80% and Bullish Crossover (Bullish).
6) Ichimoku - a) Below   support cloud (Bearish).
                       b) Conversion line meeting the base line . It will be bullish if break above the baselin
                       c) Price above the baseline ( Bullish)

Conclusion:
Bullish -
E ( Entry) :0.81( Closed at or above it)
S ( Stop Loss) : 0.77
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =2 (Rewarding)


Resistance at 0.82 / 0.91 / 1.01/ 1.06 
Support   at 0.74 / 0.7 / 0.65 / 0.615









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