Category Archives: Jaya Holding

Dec 15

Jaya Holding – Is This Time Real?

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Jaya Holding closed today at $0.495 with a opening marubozu candle with a spike in volume and breaks out from a Symmetrical Triangle. However, it remain to be seen whether this is a successful breakout due to the past 3 attempts. One thing to note that the spike in volume in diminishing compares to the previos one, and this is not a sign for a bullish & sustainable breakout. The past three spikes in the stock price were not sustainable due to lack of volume for the next few days. If this breakout is successful, the price target is $0.58.

Nov 24

Jaya Holding – Breaking out from the Symmetrical Triangle

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Jaya Holding looks like breaking out from the Symmetrical Triangle.

Technical Indicators also look bullish:

  • Stock price above 20D, 50D and 200D MA.
  • Stock price at upper Bollinger Band
  • Stock price is below Parabolic SAR curve
  • MACD Bullish Convergence
  • RSI & Stochastic at Overbought region.

However, this bullishness may not be sustainable due to lack of volume.

Oct 19

Jaya Holding – Long White Candle for the third time!

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Jaya Holding closed with a long white candle at $0.485 with 21.6 Million shares traded today. Jaya Holding is also top 30 gainers (%) and top 30 most active stocks today. This big one day gain had happened for the 3rd time within three months. The bull failed in the past two attempts to drive the stock price higher. Can the bull win this round and break the $0.51 resistance? Or, the bear will win this round again to form a triple top? Technical Indicators show bullish strength but past two incidents told me that the bull is unable to sustain its run due to lack of volume.
Mr. Bull, do you need a Red Bull so that you can berJaya (successful in Malay)?