HLIB Retail Research – 27 Oct - Bullish Tracker:
JCY - (RM0.325) , Main Market , Technology
Strong net cash of 10sen or 30% of shr px. Expect a turnaround in FY 9/22 amid a huge upcycle on rising demand for HDD.
Technical showing reversal sign, indicators showing uptick bias
Time frame: 7 days
Entry: RM0.315-0.33
Stop Loss: RM0.30
Resistance: RM0.35-0.38-0.40
Target price: RM0.35-0.38
Risk profile: Moderate
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