This is another penny stock to be monitor with volume spike occasionally. If you are lucky to time yourself in trading this counter it could be bountiful
Let check on JCYstock analysis chart on 21 September 2012
Indicators
1 ) Trendline - Below the Down trendline (Bearish)
2) Support/Resistance - formed Lower High and lower low (Bearish)
3) MACD -Bearish Crossover and below the 0 region (Bearish) . Let wait for a 4R1G signal for counter trend play
4) RSI - At oversold region (Bearish) . Let wait for it to break above 30% for Counter trend play
6) Ichimoku - a) Below support cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick - Formed three iblack crow ( Bearish) .
Hi Edwin
Don't forget about usd and Thai flood. These will be used again, then they will have analysts upgrading etcetc and send someone to tell others here that it worth rm2 at least, due to reliable insider news. Many will give their emails away to get those insiders tips while get trapped into it, believing that rm2 news. That is how market works. Very cruel towards those naive and ignorant retailers, searching for sure win tips. It is playing on fear and greed.
If only we have more logical traders and investors. Someone who know logics, experienced enough to smell rats and avoid traps. Too bad, the latest share buy back stories us fizzling too. They really needs Thai flood or something huge again to goreng it up. A current level, avoid or trade short terms with leading technical indicators. Easier aid than done.
Good luck to those taking the trade. I can't answer someone from i3 who bought at rm1.30. I don't know what to say. Sorry.
Teh
2012-09-23 22:27
Quite true many people are providing sell or buy call without any actual analysis especially in the investlah forum which I am trying my best to provide them a good analysis of the stock to provide at least some hint better good to go in or not eventhough is it about 60% accuracy . It is better than going in blindly and get trapped forever because many retail investor which I observed went into the market without good game plan and just using the hope analysis which you prescribe before :)
2012-09-24 06:32
Without proper planning in stock market, like driving without brake, just second door to gambling.....
2012-09-24 08:28
So sad the major shareholder is willing to let his company downgraded to penny stock. If he doesn't has the mantra of sharing, instead of waiting opportunity to repossess the company at thousands of investors expense, he doesn't fit to be in league of top 20 Msian Entrepreneur. He is just a pirate material.
2012-09-24 08:49
He is not Steve job. This magnificent legend don't beleive his success by how much his salary or bonus but the value of apple stock price :)
2012-09-24 08:52
morning ... JCY at 0.81 today. Again, I don't know how to console those ignorants punting into her WITHOUT knowledge. I was blamed to post that JCY is being manipulated, as if JCY is their best bet in whole investment lives.
Anyway, JCY will still be pushed up once this mark-down over. Checking 60cents and thai-flood stories, yet again?
We shall see how it plays out. For those claiming JCY is under-valued at 1.50 levels, please BUY hugely as it is at huge discount to that so-called under-valued levels.
TEH
2012-09-24 09:38
sad that some ppl persuade the prices to go up, others persuade it opposite. in all fairness, one has little visibities. all depends on the silver bullet of that one report he read.... that's it ! in all fairness, jcy last qtr earnings or annualised earnings is impressive....
2012-09-24 10:01
That's one of the great things about the stock market - no one really knows what will happen in the future. Even the near future (defined as a week or so). Sentiments can easily change, from negative to positive to feverish; and the other way round too. It would be prudent to read and think about analysts' and other peoples' opinions but one should make his own decisions on whether to stay at the sidelines, to buy or to sell.
With JCY, I believe it still has its followers - punters who'd jump back in regardless of whether they have been burnt by it before if they think it's going up. It has become a speculators' counter and its up or down movements will be more affected by fickle perceptions and momentum rather than the general market conditions or even fundamentals. But it should be for the short term - make some profit and get out instead of waiting for more. With me, I'm waiting to jump in with the warrants (-CF especially) and get out after 1 sen. Or maybe even 0.005 depending on the situation.
2012-09-24 10:12
Broke the 0.835 support next is .795... Time to get some jcy-ha ( profit from going down )
2012-09-24 10:41
dknycom
JCY WILL BECOME BEARISH CONDITION VERY SOON.
RUN OUT FROM THIS COUNTER FASTER.
2012-09-23 18:21