JCY

The stock has been moving downtrend since 15 July.

Today's The Star Business section reported that most of the hard disk drive (HDD) components manufacturers listed on Bursa Malaysia extended their downtrend. This is due to disappointing data released in United States on the concern of slower demand.

Currently, JCY has been moving sideway since Monday (2 Aug).
Immediate support level at RM1.23.
Immediate resistance level at RM1.31.
RSI indicates the stock has been oversold.

Strong buy-in breaking immediate resistance level needed to support rally momentum.