Wednesday, 14 Mar 2012 JCY – Stock Pick

JCY ( 5161 : 1.10 ) : negative Head and Shoulder Description Resistance : 1.20 Support : 0.94 1.07 RSI of 36 RSI is weakening STOCHASTIC It is approaching oversold TREND INDICATOR Comment Following the recent downside breach of the Head & Shoulder neckline of 1.20, it is expected to head lower. The 50% retracement level is at 0.94. Upside is capped at 1.20 Trading Strategy Take profit. Disclaimer This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without notice.