Monday, August 9, 2010

JCY - Price continue to drop !!!




JCY's immediate support level RM1.23 broke today's trading hour.
Another HDD component manufacturer, Notion also encountered similar fate.
Besides the concern of slowdown on US consumer demand, the weakness of USD
also contribute to it.

On overall, the HDD component manufacturers are anticipated to be bearish
for near future and stock's price recovery will take some time until USD
stabilise and some recovery been seen at US consumer market.

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