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.
Source:Jupiter Securities Research 14 March 2012
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