Technical Stock To Watch on 22/10/2015 – JCY (5161), RUBEREX (7803) & SHH (7412)

JCY (5161) was traded in uptrend since 8/9/2015 and able to break the triangle pattern on 20/10/2015 with traded volume higher than the average volume since 4 days ago.  

JCY Daily Chart

The immediate support for JCY is MYR0.720 while the immediate resistance is @ MYR0.765 and MYR0.785. 

Foresee JCY will continue its upward movement in next few days.

RUBEREX (7803) successful to break the Fibonacci level of 61.8% @ MYR0.770-0.775 with huge increased in traded volume (1 good bar with 1 good volume) and closed @ Fibonacci level of 78.6% @ MYR0.805 during the session ended.

 

                                                                    RUBEREX Daily Chart

In case RUBEREX trading above MYR0.805, foresee it will testing the next immediate resistance @ MYR0.850.

SHH (7412) made a higher high after breaking the resistance of MYR1.82 with huge increase in traded volume (1 good bar with 1 good volume) during the session ended.

 

                                                                           SHH Daily Chart

Since SHH made new high again after breaks thru the MYR1.82, foresee this counter will continue it bullishness in the next few days.

Good luck & Happy Trading!

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