Friday, 6 Jan 2012 JCY – Stock Pick

JCY ( 5161 : 1.25 ) : Stop loss 1.16
Description
Resistance : 1.37
Support : 1.16
RSI of 89
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
The current uprun is heading for 1.37, the 61.8% retracement. A tight stop loss should be placed at 1.16
Trading Strategy
Buy. Stop loss is at 1.16


Disclaimer
This report is provided for information purposes only.