JCY International Bhd (JCYI.KL)

Overview:

JCY International Berhad (JCY) is a Malaysia-based company investment holding company. The Company is engaged in the design and development of hard disk drive (HDD) components. The Company manufactures base plates, top cover assembly, actuator pivot flex assembly (APFA) and anti discs, which are the mechanical components of HDDs. The Company’s manufacturing facilities are located in the states of Johor, Penang and Malacca, in Malaysia, and in Saraburi, Thailand. The Company ‘s subsidiaries include JYC HDD Technology Sdh Bhd, which is engaged in the manufacturing and trading of HDD components; JYC HDD Technology, which is engaged in the trading of HDD components, and Minarex Holdings Limited, which is engaged in investment holding.

Trading Plan:

1) Trendline - 50MA breakout at RM 0.560
2) Volume: High
3) MACD: Third Green (Positive>Bullish)
4) Smoothed RSI : At 66.9%. RSI will go >70% .
5)Support/Resistance: Supported at RM0.560. Resistance at RM0.645 .Today close RM 0.580
6) Beta: --
7) Candlestick: Bullish
8) Pattern: Bullish after breakout at RM 0.560

Trading Plan 1:
Entry: RM 0.580 or higher
Profit: RM 0.645
Cut loss: RM 0.560
RRR (Risk to Reward Ratio)> 1 : 3

Scenarios Analysis:
1) Breakout above 0.560.
2) North Korean issue.

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