Namoyaki: I believe JCY is oversold. Downside should be limited and hence my entry.

2nd target entry @1.05 hit. average price 1.12

Having browse thru JCY latest qtrly reports, JCY maintains almost the same revenue as last qtr. The lower profit was due mainly to a higher cost of sale incurred, of which labour cost hike was being stated as the main cause. I believe market will eventually come to realize this.

With its past 4 qtr results, @1.12 JCY is trading @PE of 5.
@PE 6, JCY should be trading @1.34. Just my simple calculation.

DUnkin: imagine it this way: if you sell all your jcy todays @ opening 1.34 then buy back @ say 1.14, you are effectively lowering your cost. i.e. pocket 20cents for each JCY share u are holding. hope this simple explanation helps.

raviy2k13: my advice is dun pump in extra cash to average down.

KC: that is all that matters. ^_^

dknycom: yesterday was definitely a no buy.

^_^

i agree with KC.

it needs to break above 1.15 for the rebound to continue.

simple fact. JCY can not sustain its profit as in previous 2 qtrs.

i thought you are going to say crystal ball!!!

thanks kc.

"when others are fearful... we should... " whose quote was that, cant remember.

my 1st target entry hit @1.17, 2nd target entry @1.05 not hit.

today the perfect day for short selling jcy

bought some @1.17

JCY is looking for support@1.2 which is its 50W ema. On a weekly basis, JCY exhibits a Lower High and a Lower Low, signal for a trend change.

Wow. Hot discussion here.

should see a rally from here.

see how it goes this afternoon..

MACD exhibits a bearish divergence on my 60 mins chart....

If it breaks to the upside, 1st target price @1.72.

Just a reminder, I do not stick to a particular stock for long. I believe JCY still has 1 rally to go. I will exit JCY totally after that.

you can check out its monthly chart pattern.

One of the counter I am looking @ is Ivory.

Jjtrader: I agree with you. JCY has been in a medium term uptrend since mid Oct last year. Of course within this mid term up trend you will have intermediate downtrends and uptrends. If you invest based on this mid term uptrend, these intermediate ups or downs should not affect your view as a whole until it is broken. you are right, since 28/5, JCY resumed its uptrend. With its recent price action, I would say JCY is forming aa ascending triangle with resistance @1.59 ( some say 1.62) It is certainly trying to break above this triangle and it may happen anytime soon.

For upward trending stock like JCY, we should always buy @ support e.g. @1.44 and sell say @ his target price of 1.9. cut loss @ 2% below support. Won't it be more rewarding this way? If market turn against us, we stand to lose 2%, and if market goes our way, we stand to make 30%. what do you think?

I am referring to osk report. Buy at breakout of @1.6 or higher and cut loss @1.44?? target price @1.90? and need to sustain selling pressure @1.7? all these @ a potential loss of 10%!!! He is either a newbie analyst or he must be toying with investor money. You decide.

is a trap.

price jumped 2 bids.

Coming monday, another week, another month. JCY ready to fly???

hello all.

Has it done enough to move higher from here? See how it will turn out tomorrow.

need to close @1.47 at least to prevent weakened sentiment!!

In stock market, no matter how good your tell tales is, it all comes down to profit earning and dividend payout. nothing more nothing less.

sure KIV this stock.

snsee: JCY after recent rebounce from a low of 1.3 to a high of 1.56, is taking a breather at last. It may consolidate further into next week in order to gain more upward momentum. Should the consolidation continue into next week, Bollinger Middle Band will be the target which stands @1.45 today and level off. 20d EMA also level off @1.46 whereas the 50d EMA is rising slowly @1.41 (playing catchup). I have raise my entry price by 2 bid.


1 forumner ask me why I have my reservation on recent break-out and on touching 1.65. My reason being, during a stock price swing either from high to low or low to high, rarely you see the price swing beyond the bollinger upper or lower band. As such we can use the upper or lower band as a guide for overbought or oversold.

during recent rebounce, Bollinger upper band was around 1.55. Therefore, from a breakout of 1.49 to 1.55 with decreasing volume, too much risk and too little reward for a trader like me.

on monthly basis, JCY remain bullish.

I have my reservation on this attempt to break out, the momentum is n't strong.

that is where it needs to break for the price to advance further. question is if it breaks now, how far can it go?

jcy make or break.......

wow, jcy turn into smartag!!! ha ha I thought I walk into wrong forum. Smartag? good to buy?

Just curious on how you come out with this figure?

Price is retracing. Be patience.

Happy for you. I missed my last entry @1.38 which could earn me at least 5k. So for now just have to wait for it to drop again.

Jjtrader: just glad that optimism return.

^_^

If it can maintain 1.67 as the current low, then we are seeing a higher high and higher low in Naim. We may see a change in Naim's trend. The last swing presented an opportunity of 0.85 sen for swing trader or investor alike. Naim is definitely under my radar.

something fishy going on.

JCY has no respect for horizontal suppport or resistance at this juncture. Support & resistance @ EMA or trendlines are more meaningful. Just my personal observation.