JCY rebounded strongly upon dropping below its uptrend line. According to the fibonacci entrancement level, it managed to bounce back up upon touching/breaching the 0.595 level, demonstrating bullish sentiment still intact. Overall, from what i can see, i believe JCY's uptrend momentum still intact, especially after its strong retracement/rebound. I believe current price level provides a good entry too, RSI at oversold and price is near support level.
EP: 0.605-0.610
TP: 0.735
CL: 0.580-0.570
EP: 0.605-0.610
TP: 0.735
CL: 0.580-0.570
Comment:
As expected, JCY rebound strongly again once it touched the uptrend support line. Huge rally towards the end of the day too. Momentum seemed strong. tomorrow should continue to go up. Will be good if it can stay above 0.645 after any post rally correction.