JCY went into Penny Stock Category

This is another penny stock to be monitor with volume spike occasionally. If you are lucky to time yourself in trading this counter it could be bountiful


Let check on  JCYstock analysis chart on 21 September 2012

Indicators
1 ) Trendline - Below the Down trendline (Bearish)
 2)  Support/Resistance - formed Lower High and lower low   (Bearish)
3) MACD -Bearish Crossover and below the 0 region (Bearish) . Let wait for a 4R1G signal for counter trend play
4) RSI - At oversold region (Bearish) . Let wait for it to break above 30% for Counter trend play

5) STO - At oversold region (Bearish) . Let wait for it to break above 20% for Counter trend play

6) Ichimoku - a) Below support cloud (Bearish).
                       b) Conversion line below the base line (Bearish).
                       c) Price below the baseline ( Bearish)
7) Candlestick - Formed three iblack crow ( Bearish) .

Conclusion:
Bearish

E ( Entry) : 0.905

S ( Stop Loss) : 0.86            

P ( Profit) : 1

RRR (Risk to Reward Ratio) = 2.11 (Rewarding)

 

Next Resistance at  0.93 / 0.97 / 1 / 1.05 / 1.07 / 1.13
 Support at  0.835 / 0.795 / 0.75 / 0.705