JCY broke out from the bullish flag today as shown in the daily chart below:
JCY has broken out from the long-term downtrend line (as marked in green) in Jan 2017. After the significant run from 0.50 to 0.65, it started to consolidate and form a bullish flag.
Today, JCY just broke out from the flag and is heading to 0.80. This immediate target price (TP) of JCY also coincides with the overhead resistance as marked in red and the weekly downtrend line (refer to the weekly chart below).
If JCY can break out from the weekly downtrend line, it will be heading to 1.20 as the second TP.
The pace for NOTION & DUFU is a lot faster than JCY. Let's see if JCY will catch up with them in this up wave.
The sentiment in the BURSA market is certainly RED HOT, with daily volume fluctuates between 2.x-3.x billion. Having said that, a stop loss is essential for all trades to protect your downside.
Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.
How to determine the "bullishness" of the patterns- https://www.facebook.com/BursaSGXcandlestick/videos/378260995905662/
The Trade Management Technique You Need To Know - http://klse.i3investor.com/blogs/candlestick/114496.jsp
Best Way To Learn To Trade Without A Mentor - http://klse.i3investor.com/blogs/candlestick/113821.jsp
Entry Setup Illustration - http://klse.i3investor.com/blogs/candlestick/113605.jsp
Stop Loss & Safe Trading - http://klse.i3investor.com/blogs/candlestick/113510.jsp
Ultimate Guide For Position Sizing - http://klse.i3investor.com/blogs/candlestick/113061.jsp
Come Up With Trading Ideas & Turn Them Into Investing Ideas - http://klse.i3investor.com/blogs/candlestick/114110.jsp
Cheers,
Ming Jong
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Created by Ming Jong Tey | Jun 29, 2017
Created by Ming Jong Tey | May 25, 2017
Created by Ming Jong Tey | May 21, 2017
@稻田·* 粒粒芳香 You are welcomed, Duit Goh. Look forward to checking out your post too :)
2017-03-13 21:12
@traderman thanks for the heads up. 2% yield for this round based on the current price 0.665. Not too shabby.
Single tier tax exempt first interim dividend of 1.25 sen per ordinary share
Entitlement Type: First Interim Dividend
Entitlement Date and Time: 17/03/2017 05:00 PM
Year Ending/Period Ending/Ended Date: 30/09/2017
EX Date: 15/03/2017
To SCANS Date:
Payment Date: 07/04/2017
2017-03-14 10:54
稻田·* 粒粒芳香
Thanks for sharing. Learn pretty much from your analysis. Enjoy reading it
2017-03-13 18:44