JCY International – Possible for trend reversal
JCY International appears poised to break away from its downtrend, with continued improvement in both momentum and trend anticipated in the near term.
Should immediate resistance level of RM0.330 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.350.
“However, failure to hold on to support level of RM0.290 may indicate weakness in the share price and hence, a cut-loss signal,” says Public Bank Investment.
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