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Daily Trading Stocks: JCY International Bhd

kiasutrader
Publish date: Fri, 03 Aug 2012, 09:24 AM
JCY's  expected  higher  move  may  not  materialise  after  its  tumble yesterday.  An  aggressive  trader  may  exit  below  RM1.60  or otherwise,  on  confirmation  below  RM1.38.  Supports  are  expected at  RM1.20  and  RM1.07,  and  a  violation  of  both  supports  may  spell the end of the rally. The weak bias is nullified should the stock close above  RM1.60,  following  which  it  is  expected  to  go  higher  instead and resistance lie at RM1.75 and RM1.90.


Source: OSK
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