Posted by Jjtrader > 2012-05-24 09:53 | Report Abuse

From my own research, if this level RM 1.38 can hold, then the is a possibility JCY is developing a new wave according to Elliot wave theory. With the high RM 1.58 be the wave 1 and now is forming wave 2 and I think Rm 1.38 should be the bottom of the wave 2 and if this is true and very soon we will expect to see wave 3 formation which is at least 1.618 time of wave 1 (1.58 - 1.33 = 0.25 ) so the target for wave 3 is around RM 1.38 + 0.40 = RM 1.78. From the above reason I still holding 259 lots.

Posted by Jjtrader > 2012-05-24 09:56 | Report Abuse

If the price drop below RM 1.38 then my calculation and assumption is wrong then I will cut loss and dispose all the JCY shares and TUTUP KEDAI and GO HOLIDAY IN JUNE. HA HA HA!

Posted by seaangel > 2012-05-24 09:58 | Report Abuse

hi, i am rookie to the share market..
May i know what software you all using to determine the trend ?
Anyone can share with me some experience and knowledge about this?
Million of thanks ~ ^^

Posted by seaangel > 2012-05-24 10:00 | Report Abuse

Jjtrader: So when do you think the wave3 is coming ?

Posted by Mat Cendana > 2012-05-24 10:04 | Report Abuse

Quite a few software. Some local brokerage firms also provide this facility through your account. If you want a desktop program, try ChartNexus. But it requires some learning first to get better understanding of how to interpret the charts. There's this useful link to get started about technical analysis: http://bit.ly/JWJiWQ

Posted by Jjtrader > 2012-05-24 10:14 | Report Abuse

Sea angel, the wave 3 formation might taken time and no straight to RM 1.78. It can break to 5 more smaller wave. And if my assumption is correct, then it is forming now. I may be wrong . Only GOD will know for sure.

Posted by danielttoob > 2012-05-24 12:14 | Report Abuse

impressed

Posted by rookiemy > 2012-05-24 13:17 | Report Abuse

wow suddenly all the optimism. ha ha

Posted by rookiemy > 2012-05-24 13:43 | Report Abuse

Good point Mat. That is where I started. Is a TA revisit for me.

Posted by tradersam 56 > 2012-05-24 13:54 | Report Abuse

On what basis???

Posted by nubhan > 2012-05-24 13:58 | Report Abuse

jcy still in daily uptrend channel. break 1.33 then we will see 1.25. means that can buy at this price but cut loss below 1.33 for those who are aggressive.

Posted by rookiemy > 2012-05-24 15:05 | Report Abuse

nubhan: your call to buy above 1.51 would have trapped many should they followed. seriously, do you trade based on your own TA reading?

Posted by nadumananchi > 2012-05-24 15:25 | Report Abuse

Yalah... I am one of them got trapped and burned my finger!

Posted by rookiemy > 2012-05-24 15:35 | Report Abuse

tradersam 56: optimism as in the mood of the traders in this forum.

Posted by san4477 > 2012-05-24 15:37 | Report Abuse

I am another one, itchy hand added more position burned my 2 palms ..

Posted by tradersam 56 > 2012-05-24 15:42 | Report Abuse

rookiemy: Optimism is a good sign after continuos pessimistic comments! At least there is a tinge of hope n light at the other end for those who almost gave up!

Posted by rookiemy > 2012-05-24 15:57 | Report Abuse

I mentioned earlier that the uptrend line yet to be breached. The 50d EMA @1.38 still holding. Fundamentally, PE @1.4 looks attractive therefore substainable. Thus I will remain positive until these conditions are breached.

Posted by rookiemy > 2012-05-24 16:00 | Report Abuse

PE @ RM1.4 I should say not PE 1.4

Posted by Jjtrader > 2012-05-24 16:12 | Report Abuse

JCY going to test the strong support at RM 1.38 , this is the third time already. If it can hold then good if not go HOLLand.

Posted by rookiemy > 2012-05-24 16:55 | Report Abuse

queue to buy @1.38 ....

Posted by rookiemy > 2012-05-24 17:02 | Report Abuse

order not done....

Posted by baramundi80 > 2012-05-24 17:04 | Report Abuse

last minutes large volume sold to 1.38....tomorrow will be cheaper..hehehehe

Posted by Jjtrader > 2012-05-24 17:38 | Report Abuse

Bro bara, you hope to buy cheaper but you might be disappointed. This is a very strong support and not going to give out easily. He he he !!!

Posted by Jjtrader > 2012-05-24 17:40 | Report Abuse

In addition today JCY forming an inverted hammer, this is a bullish formation so JCY will rebound tomorrow. Wait and see.

Posted by baramundi80 > 2012-05-24 18:31 | Report Abuse

bro jjtrader....we shall see who is right tomorrow...hehehe

Posted by Namoyaki Takarajima > 2012-05-24 18:32 | Report Abuse

Halo Bro, don't just see lah, batting lagi syok! how much? Hehehehe...

Posted by rookiemy > 2012-05-24 18:52 | Report Abuse

anyone knows how to post a chart here?

Posted by hornetsjet > 2012-05-24 19:48 | Report Abuse

hope what Jjtrader said was correct

Posted by Kent Lee > 2012-05-24 23:40 | Report Abuse

2moro expected a good day for JCY......

Posted by Mat Cendana > 2012-05-25 02:03 | Report Abuse

I'm getting interested in JCY. Had not paid much attention before this because it is highly favoured by speculators. I'm more of a fundamentalist: first and foremost, the company must be sound.

Then I read its latest quarter report - the earnings are impressive! Looks like it should be able to maintain this in the next quarter. But even if it were to be lower, that would still be okay since the last quarter has contributed a lot for the year's total. Based on EPS, this company, in my opinion, should be priced at above 2.00.

I'm coming in very soon - just waiting to get a better price.

Posted by rookiemy > 2012-05-25 08:43 | Report Abuse

you mean you want to buy @ higher price?

Posted by jtpc2006 > 2012-05-25 09:15 | Report Abuse

JCY is a much praised and also much maligned counter. It is in the best interests of the biggest shareholder/owner (25%) to come out with guns blazing and support what the smaller investors have been doing on his behalf. Fundamentals are so strong, company is making huge bucks, top future earnings is already predicted, but what the heck are the biggie shareholders doing? Expect others to fight their war? Come on, show us what you can do, you have this responsibility towards your shareholders and investors.

Posted by nubhan > 2012-05-25 09:33 | Report Abuse

Posted by rookiemy > May 24, 2012 03:05 PM

nubhan: your call to buy above 1.51 would have trapped many should they followed. seriously, do you trade based on your own TA reading?

WHEN i recommend buy above 1.51, it will break the previous high = resistance, and people who bought at that price were enjoyed a ride until 1.57. Huh already start pointing fingers ke, okla, i will keep quiet.

Posted by rookiemy > 2012-05-25 09:33 | Report Abuse

I believe market is always right. Just let the market settle on its own.

Posted by rookiemy > 2012-05-25 09:34 | Report Abuse

nubhan: I merely ask the question, did you buy when u make the call?

Posted by rookiemy > 2012-05-25 09:43 | Report Abuse

by the way, 1.51, be it support or resistance has been penetrated few times. It is hardly a support or resistance anymore. correct me if i am wrong.

Posted by snsee > 2012-05-25 10:49 | Report Abuse

Rookiemy, you were asking how to post graph in this forum earlier, you have graph to sahre?

Posted by rookiemy > 2012-05-25 10:54 | Report Abuse

i dun mind putting up a chart for discussion purpose if i know how to post here.

Posted by snsee > 2012-05-25 11:01 | Report Abuse

Can anyone help?

Posted by Jjtrader > 2012-05-25 11:08 | Report Abuse

salute to you bro bara, You are right I am wrong, prepare to cut loss, there is no more reason for my to stay in this counter anymore. Thanks again bro Bara for your precious time to Teach me to sharper my trading skill. I will come again and will strike BIG at the right time again in future. everybody good lucky and has a nice day. will go for a holiday trip next week . Happy trading :D !!

Posted by Namoyaki Takarajima > 2012-05-25 11:09 | Report Abuse

snsee, rookiemy, yes you can. thanks in advance.

Posted by Fat Cat Tim Buddy > 2012-05-25 11:10 | Report Abuse

9/10 trader make loss, i guess?

Posted by rookiemy > 2012-05-25 11:11 | Report Abuse

1.38 breached. now is up to the uptrend line @ 1.35.

Posted by Namoyaki Takarajima > 2012-05-25 11:11 | Report Abuse

JJTRADER! Eagerly waiting for your return Bro! Market Revenge! "I'll be back!"

Posted by Namoyaki Takarajima > 2012-05-25 11:23 | Report Abuse

rookiemy, to insert you chart, look up there: and click at "Plugin".
and you will see this INFO:

Stock Chart Plugin

Stock Chart and Stock Tables is a standard plugin module for displaying daily stock movement of Bursa Malaysia, as well as summary of stocks that fall into the following categories: Top Active, Top Gainers and Top Losers. It is widely used in the i3investor portal, as it provides important and (almost) real time stocks movement information on a trading day.

If you are a Blogger or Website Publisher, and wish to incorporate this plugin module into your website, just copy the following code, then paste it onto every page you want to show the Stock Chart and Tables.

Posted by rookiemy > 2012-05-25 11:27 | Report Abuse

thanks. I will give it a try.

Posted by rookiemy > 2012-05-25 11:32 | Report Abuse

But I am neither Blogger no Website Publisher. cant figure out how to do this.

Posted by usry > 2012-05-25 11:41 | Report Abuse

no word to comment for this time.. look scary..

Posted by meljohn > 2012-05-25 11:44 | Report Abuse

very disappointed of this counter

Posted by kschai77i3 > 2012-05-25 11:50 | Report Abuse

where is lamken?