JCY has been on an uptrend since December 2014. Yesterday, JCY advanced 4.5 sen with an explosive daily trading volume. Uptrend remains intact as the share price is trading above all key SMAs. Both Stochastic and RSI are trending upwards, while MACD has turned bullish, which indicates that buying momentum is picking up. Hence, we expect the share price to retest its previous high of RM0.79 (coincides with mean regression line), while immediate support level is RM0.715.

Source: Kenanga