Wednesday, 7 Dec 2011. JCY – Stock Pick

JCY ( 5161 : 0.74 ) : Take profit
Description
Resistance : 0.80
Support : 0.59 0.64
RSI of 64
RSI is weakening
STOCHASTIC
It has turned downwards
TREND INDICATOR
Down
Comment
The recent run up has been capped at the overhead trendline of 0.80, indicating that it is due for a correction
Trading Strategy
Take profit