Nov 30, 2011

Technical Trading Buy – JCY

JCY International (KLSE Stock Code 5161) – Technology – RM0.76.

jvc-technical-analysis above: JVC International Daily Technical Chart (click to enlarge)
Chart wise:
Trending along an up-trend, JCY is riding on a bullish momentum accompanied by a rising MACD and RSI that has been staying above the 50-point neutral line. JCY, is a company that manufactures Hard Disk Drive (HDD) mechanical components.  Although it is facing some resistance at the upper boundary of the channel, the upside potential is still good, so long the trend line is maintained.  A trading buy.

by Mercury Securities