IMPENDING TRIANGLE BREAKOUTBREAKOUT FROM ACCUMULATION PHASE ON 23 DEC 2019 WITH VOLUME...TRIANGLE CHART PATTERN FORMED AFTER BREAKOUT. RECENT POSITIVE QR SUGGEST POSSIBLE BREAKOUT UPWARDS FROM TRIANGLE.
JCY trade ideas
<TradeVSA> Can JCY Follow Thru ?Strength in the chart:
1. Spring at support
2. UT bar at resistance
3. High volume near spring
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
{SWC} JCY, pending triangle breakout?Thankyou for your continued support.
Strategy: Triangle Breakout Strategy
Bias: Bullish, JCY was a hot stock 2 months ago and experienced a triangular consolidation for the past 2 months. Today it hit the support of 0.300, closed at 0.320. Symmetrical Triangle Formation was observed. The QR result announced lately was satisfied. If the momentum sustained, SWC believes there will be a positive movement in near term.
Support: 0.315, 0.300
Resistance: 0.340, 0.350
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JCY - Trade & InvestChart:
- Downtrend, attempt to break.
- Starting of markup phase after distribution phase since early 2019.
- Monitor this counter for 2020 opportunities.
Trade:
- Still under downtrend but looking at an attempt to break downtrend-line.
- Volume among the highest since Sept 2019.
- No sell signal yet.
- Breakout on 31st December 2019 after little pullback on 30th December 2019.
- Enter anywhere ranging 0.33 to 0.35.
- There might be strong resistance around 0.40 so be careful around there.
Invest:
- Fundamentally is not a good company to invest, but the performance has shown some improvement in the FY19.
- Net Profit at negative (red) area but possible turnaround in FY20.
- Wait until 0.40 resistance is broken. Then be friend with the trend line and the possibility to hit 100% return is quite promising given the company is improving in term of performance.
<TradeVSA> Update for Technology Counters1. Datasonic
2. FrontKen
3. Rgtech
4. Willowglen
5. JCY
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
JCY Potential further uptrend?Today there is small momentum to push the price up. As for half day trading today close at 0.240.
Near Resistance at 0.245, if possible to break and stay, next Resistance will be at 0.275.
Most of the indicator showing the reversal starting to take place today.
If the Resistance was to strong, most probably the price will go down sideways for awhile area 0.230 or at support level 0.215 before it continue to try the Resistance.
We will continue to follow the study and adding more indicator to make sure the reversal is valid technically.
JCY 5161 - Eyeing Long Term ReversalJCY 5161 - Eyeing Long Term Reversal
Breakout from 1-year sideway zone will see a new trend begins
Close Monitor for JCY1) If can break EMA200 and red cloud of ichimoku, can consider to entry
2) Must support with volume
3) Vol increase for past few days.
4) Small volume selling after price and vol spike on 10/7..somebody will try to pushup this counter
5) Resistance 0.23
