JCY formed higher low

After spotting this counter 8 November when it was retracing towards to the next support at 0.74. It nearly touched it and formed a higher low with a hammer ..

Indicators

1) Trendline - Broke above the Side trend (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -Waiting to 4R1G for more bullish confirmation
4) RSI - Broke above (Bullish)

5) STO - Bullish Crossover (Bullish) . If break above 80% will indicate more bullish

6) Ichimoku - a)   Below  support cloud but heading towards it  (Slightly Bullish).
                       b) Conversion line above the base line . ( Bullish)
                       c) Price above the baseline ( Bullish)




Conclusion:
Bullish - 
Reach the initial entry price but it would be great if it can break above 0.795 and 0.815  which would gives a 4R1G MACD signal which will double confirm on the bullish run.. Just take precaution if it hits the 0.795 and and reverse..

E ( Entry) :0.78( Meet the entry price on Nov 14)

S ( Stop Loss) : 0.72

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =1.83 (Rewarding)

E ( Entry) :0.81( Closed at or above it)

S ( Stop Loss) : 0.77

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =2 (Rewarding)

Resistance at 0.795 / 0.82 / 0.91 / 1.01/ 1.06 

Support   at 0.74 / 0.7 / 0.65 / 0.615

JCY closing to the entry price

Friendly reminder to watch this counter

E ( Entry) :0.78( Closed at or above it)

S ( Stop Loss) : 0.72

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =1.83 (Rewarding)

E ( Entry) :0.81( Closed at or above it)

S ( Stop Loss) : 0.77

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =2 (Rewarding)

Resistance at 0.82 / 0.91 / 1.01/ 1.06 

Support   at 0.74 / 0.7 / 0.65 / 0.615

JCY formed black candle after shooting

Shooting Star spotted on 27 Feb and ended with Black Candle on 28 Feb with decreasing volume. Potentially profit taking due to overall KLSE drop. If tonight Dow Jones goes up by 1% and break the 13K resistance line potentially it might kick start the buyers appetite and invest on this counter. After all everybody needs Hard Disk and the Hard Disk price is over priced due the stock disruption caused by Thailand Flood Disaster.

And Finally have internet :)