Fool Trader KLSE Research

Stock Overview - JCY - 14 Mar 2012

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Publish date: Wed, 14 Mar 2012, 09:28 AM
JCY ( 5161 : 1.10 ) : negative Head and Shoulder

Description

Resistance : 1.20
Support : 0.94 1.07

RSI of 36
RSI is weakening

STOCHASTIC
It is approaching oversold

TREND INDICATOR
Comment
Following the recent downside breach of the Head & Shoulder neckline of 1.20, it is expected to head lower.
The 50% retracement level is at 0.94. Upside is capped at 1.20

Trading Strategy
Take profit.

Source:Jupiter Securities Research 14 March 2012
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