why everyone like so panick and wanna dispose their share at 0.765? i thought it floated quite some time at 0.785-0.800? afternoon session? or why not dispose before lunch at higher price? HAHA. (fake volume?)
maybe some contra players hoping limit up today but dare not take the risk for tomorrow, hence 76.5 still happy. Definitely those bought above 80sen is a bit high if keep short term. Nobody would want to keep till next year to see $1.35. Sure got ppl take profits today and tomorrow but yet again there will always have phantom buyers at whatever price. Sharks everywhere
1. Intraday DOUBLE TOP at 0.865. This is matching the intraday high on 05/06 aug at 0.865/0.87. Double top is a dangerous thing because it will come to a rest at very low level.
2. 0.77 close is below 0.775 close on 06 aug. This is a FALSE BREAKOUT of previous peak. A false breakout is equally dangerous because the fallout of a false breakout is severe.
3. The long tail 0.77 - 0.865 qualifies for a SHOOTING STAR reversal candle. Not perfect, but it is one. Price will reverse.
Afternoon dropped back just because of profit taking due to other stocks eg. Lkl, notion, hlt went up suddenly (I am sure one day show only) and so many greedy gamblers sold Jcy and bought these few one day show stocks. So don't worry tomorrow Jcy will be steady back to super uptrend again!
Surge in data centre expansion. Being well positioned in the HDD supply chain, JCY is poised for a huge upcycle on rising demand for HDD. With the emphasis of social distancing still in place, the practice of home-based working is expected to continue for the foreseeable future. As such, web-based interactions (e.g. e-learning, video conferencing and remote access file sharing) have surged tremendously since the Covid-19 lockdown. Due to the sudden rise in traffic and bandwidth demand, cloud giants are experiencing a huge burst in data centre development. Amazon Web Services have indicated massive expansion in Northern Virginia to build a 2.5 million sq. ft. of cloud capacity in addition to its existing 50 data centres in the area. Google and Microsoft have also voiced the need for expansions.
Bojed. 30 cents profit is like a rare gem very few stumble upon one. Most of them comes in a form of 4 to 8 cents. Collect a lot of these. This is how you prosper. See money take money. But quickly book losses when mr market starts to heat up yr backside. Dont let it burns out of shape.
Bursaboss. Forgot yr brain in between yr legs ka? If morning they buying like crazy 0.82 - 0.86, why so shy in afternoon to buy at 0.79 - 0.82?? BECAUSE IT'S A SCHEME to trick you idiots into buying from them in the afternoon.
This jcy wont drop to 0.72. It will go all the way to 0.36. This is what a double top will do to a stock. A double top at 0.865 with 0.59 as a valley in between tops.
zonedfler, its already at high price. if you want to buy set your own entry price, CL, and SnR. no one knows what will happen tomorrow. i also panic and almost sell, luckily i got this holding power lol
Shooting star or not tomorrow will confirm.... today's rally may be a false breakout ... then just buy on weakness lo... Good for those who have not bought in yet....it will eventually break 0.87 this month...1.05 to 1.10 next tp.
@Freshfish...If u believe JCY is a good stock that is going to report better earnings the next few quarters... current price is not too late to enter...of course lower entry price is preferred but no one can tell u where the price is ideal to enter... I personally bought in below 0.6....i can only say this stock will likely move above 1.00 some time this year...if u have holding power... this stock will reward u handsomely...good luck
@Bursabiggestboss....as there are newbies in this forum.... your confidence will rub onto them... let's guide them the best we can... today i believe JCY will continue to rally too... let's see.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kennethG
162 posts
Posted by kennethG > 2020-09-02 16:39 | Report Abuse
tomorrow another new high