Posted by kanter > Feb 22, 2017 08:48 AM | Report Abuse
The nature of JCY business is follow Western Digital pattern and is the weak circle has ended recently. We can expect 3 year of fair consistent growth up to 2019. The bull in JCY is at the very early stage.
Don't sell your position. You should buy now!
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JCY still making HDD parts for MNC such as WD. However, the HDD technology already adopting SSD/SSS which is based on RAM. The contract for mechanical parts of HDD will be decreasing and eventually stopped cause all HDD will be based on SSD/SSS. So enjoy for a while
for those who miss DUFU and NOTION, this is last IT stock which their financial position in turnaround position, once next quarter result maintain, we will see this JCY at RM1.00, start accumulate before too late ^^
Celion, the general market sentiment will be weaken and in correction mode. However, JCY will retreat to rm0.565. That's more likely the support level; not at RM0.59.
RHB Retail Research said JCY International Bhd may climb higher after it formed another white candle and left an upside gap.
In a trading stocks note today, the research house said this can be viewed as a continuation of the bulls extending the rebound from Feb 28’s “Hammer” pattern.
“A bullish bias may be present at above the 65 sen level, with an exit set below the 58 sen threshold.
“To the upside, the immediate resistance level is seen at 75.5 sen. This is followed by the 91.5 sen level,” it said.
I think the downside risk is much more than the upside gain as dow jone has due for correction. The latest news from one leading merchant bank in HK was reported dow jone to retest 20K support level anytime from now.
Rational thinking is critical as the overheating in bursa might sudden cooling down drastically.
At current daily high volume, JCY has not way to find its price stability. Further down trend is inevitable!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Berkat
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Posted by Berkat > 2017-03-09 03:58 | Report Abuse
But if they press the mother below 0.60 for two three more days .. then out of money laaa