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JCY testing the resistance at 0.795

Written By Unknown on Saturday 3 November 2012 | 7:22:00 pm

Recently JCY broken the sideline trend between 0.665 ~ 0.745 and shoot up to 0.8..

Let check the stock analysis chart on JCY




Indicators
1) Trendline - Broke above the Sideline(Bullish)
2) Support/Resistance - Formed higher high  (Bullish)
3) MACD -Positive (Bullish) . Watchout for bearish signal such as 4G1R
4) RSI - Broke above 70% (Bullish)  
5) STO - Broke above 80% and Bullish Crossover (Bullish).
6) Ichimoku - a) Below   support cloud (Bearish).
                       b) Conversion line meeting the base line . It will be bullish if break above the baselin
                       c) Price above the baseline ( Bullish)

Conclusion:
Bullish -
E ( Entry) :0.81( Closed at or above it)
S ( Stop Loss) : 0.77
P ( Profit) :0.89
RRR (Risk to Reward Ratio) =2 (Rewarding)


Resistance at 0.82 / 0.91 / 1.01/ 1.06 
Support   at 0.74 / 0.7 / 0.65 / 0.615









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