JCY: Pending breakout from Falling Wedge
$JCY (5161.BMS)$ since breaking out towards the RM 0.25 major resistance levels during November, had been retracing with low volume over the past 2 months.
Formed a solid support around the RM 0.20+ regions on the daily chart with our indicators showing a strong BOD (Buy on dip) signal.
The last time BOD signal appear around RM 0.175 which saw the stock surge up towards RM 0.25.
This time BOD signal appear around RM 0.20. Wondering if breakout, what is the next target?
Monitoring closely here.
Support: RM 0.20, RM 0.185 areas
Resistance: RM 0.21, RM 0.23, RM 0.25 areas
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