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...
Chart: - Downtrend, attempt to break. - Starting of markup phase after distribution phase since early 2019. - Monitor this counter for 2020 opportunities. Trade: - Still under downtrend but looking at an attempt to break downtrend-line. - Volume among the highest since Sept 2019. - No sell signal yet. - Breakout on 31st December 2019 after little pullback on 30th...
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Today there is small momentum to push the price up. As for half day trading today close at 0.240. Near Resistance at 0.245, if possible to break and stay, next Resistance will be at 0.275. Most of the indicator showing the reversal starting to take place today. If the Resistance was to strong, most probably the price will go down sideways for awhile area 0.230...
JCY 5161 - Eyeing Long Term Reversal Breakout from 1-year sideway zone will see a new trend begins
1) If can break EMA200 and red cloud of ichimoku, can consider to entry 2) Must support with volume 3) Vol increase for past few days. 4) Small volume selling after price and vol spike on 10/7..somebody will try to pushup this counter 5) Resistance 0.23