JCY International Bhd.

{SWC} JCY, pending triangle breakout?

307
Thankyou for your continued support.

Strategy: Triangle Breakout Strategy

Bias: Bullish, JCY was a hot stock 2 months ago and experienced a triangular consolidation for the past 2 months. Today it hit the support of 0.300, closed at 0.320. Symmetrical Triangle Formation was observed. The QR result announced lately was satisfied. If the momentum sustained, SWC believes there will be a positive movement in near term.

Support: 0.315, 0.300
Resistance: 0.340, 0.350

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