JCY is now trading above the short term EMA on my 60 mins chart. as long as it can maintain above short term EMA over next few trading session, I believe it will be a turnaround.
Frankly, is hard to say whether is safe or not. There are risks involved and it depends on how you react to it when market does not go your way. It has to do with the strategy you adopt. What I consider safe, may not be safe for other traders simply because we may have different strategy. All I can say is, the latest price movement fits into 1 of the 2 possible scenarios I have forecast earlier on when the price broke below 1.38.
TA will not work for this stock for now. If you solely rely on TA, you be eaten alive by the cowboy. They knew even more than us on TA and will use that against us.
Steven lee: i think Q3 also not so good a 2nd quarter report coz their competitor also start the operation.so they able to give a challenge to JCY right now..
Due to a number of uncertainties, both internal and external, my position in any counter will be very short. I will take a position only when I am sure it is going the direction as desired. You wouldn't jump on a bus or train heading for the opposite direction, would you?
It dun really bother me at all. I am looking at the chart alone to see where it is going. I suppose that just to fool people into thinking what they want you to think.
Believing in the sharks and cowboy thing won't get you anywhere. Perhaps by studying the daily tracker looking for a higher high and higher low can help more..
expect 3Qtr result as good as 1st two quarters...maybe now it may reach its potential upswing to > $2.00...but beware of after announce ment of results...so far drop 30ct each time it announced its stellar results..
Order que @ 1.38 not done today. JCY closed right @ the 20 EMA. May test 1.38 for support tomorrow given the unfavourable EU & US market. Target entry 1.38.
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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....
Fat Cat Tim Buddy
2,340 posts
Posted by Fat Cat Tim Buddy > 2012-05-29 18:39 | Report Abuse
huh.. what u means?