Notion & JCY: 2 tech stocks which are staging a comeback

Two tech stocks are showing signs of recovery. They are:

1. Notion

This stock may have broken above its downtrend line ('RR') at RM2.00 last Friday. Notion has been trading within a pennant ('ABCD') at RM2.05 today. Its immediate horizontal resistance is at RM2.10.


Chart 1: Notion's daily chart as at Mar 28, 2011_3.45pm (Source: Quickcharts)

2. JCY

JCY may have broken above its downtrend line ('RR') at RM0.69-0.70 last Friday. It tested its immediate horizontal resistance at RM0.75 in the afternoon without success. However, the heavy trading today is a strong indication that the bullish breakout of the downtrend line last Friday has attracted sufficient buying support.


Chart 2: JCY's daily chart as at Mar 28, 2011_3.15pm (Source: Quickcharts)

Based on the above technical breakout, both Notion & JCY could be good trading BUY.