JCY trade ideas
JCY flying soon?price noted playing inside the ascending triangle. it keeps follows the trendline whenever it drop. in daily and weekly chart
in daily chart, price surfing in the middle BB
in weekly chart, looks like all the MA going to make golden cross soon
otherwise price still above 20/50/200 MA.
currently still in stage 2 consolidation phase
1st tp 0.79
2nd tp 0.865
good for mid to long term
JCY - looking good for another flyNot at support level 0.695. If not broken tomorrow, then it is probably best time to fly, again. It's HDD world, nobody lives without HDD nowadays.
All MAs the 20,50 & 200 pointing upward. Strong trend.
Today or tomorrow might be the last candle for latest pullback, watchout for further movement. Next TP 0.76.
JCY 31/8/2020JCY rebounded strongly upon dropping below its uptrend line. According to the fibonacci entrancement level, it managed to bounce back up upon touching/breaching the 0.595 level, demonstrating bullish sentiment still intact. Overall, from what i can see, i believe JCY's uptrend momentum still intact, especially after its strong retracement/rebound. I believe current price level provides a good entry too, RSI at oversold and price is near support level.
EP: 0.605-0.610
TP: 0.735
CL: 0.580-0.570
JCYMYX:JCY
Chart Pattern: Double Bottom/ W Pattern
Fast Turtle Buy:0.64
FIFT +ve
Atom Green
Stochastic Higher Low Crossed up
0.685 is an important Neckline
Enter above :0.685
SL: 0.58
TP: 0.685,0.755,0.865
Hit each TP clear 30% of the portfolio
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Ascending Triangle ETA 22 Oct 2020As of 21 August 2020, JCY has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages.
Furthtermore, the next resistance level is quite far at 0.805.
Support 2 : 0.830
Support 1 : 0.805 (24.74%)
Resistance 1 : 0.580 (-10.06%)
Resistance 2 : 0.550
Ascending Triangle identified at 21 Aug 2020.
This pattern is still in the process of forming.
Possible bullish price movement towards the resistance 0.725 within the next 62 days (42 bars : ETA 22 Oct 2020).
JCY: Steadily in uptrendCurrently its price is holding firm at its support 0.700. Need to stay above this price to stay in a healthy uptrend. Last support will be 0.625.
To continue its bullish reversal (if any), it need to break first the strong resistance at 0.870 before further testing few resistances at 0.995-1.00//1.09//1.25
#7 JCY BOD+3M+SNR (Long swing)FUNDAMENTAL ANALYSIS
Sector: Technology
Subsector: Technology Equipment
Business: Precision component (hardisk, connector, actuator, plate) provider
YoY: 3 -- NOT BAD
NTA > price -- OK
TECHNICAL ANALYSIS
Chart retrace
All 3M indicator below chart -- VERY GOOD
MA20 touch green candle -- signal for long swing
Stoch RSI uptrend 49%, K&D crossing
BOD on 23 June 2020
No. of shares: 2.087b -- Slow
EP: 305
TP: 350
CL: 295
RRR: 4.5 -- GOOD