From Chart 1, we can see that JCY broke below its horizontal support at RM1.41 on July 23 & took a sharp dive to a low of RM1.23 yesterday.
Chart 1: JCY's daily chart as at Aug 3, 2010 (Source: Quickcharts)
Notion's selldown continued. It broke the horizontal support of RM2.25 today. Its next strong horizontal support is at RM1.85.
Chart 2: Notion's daily chart as at Aug 3, 2010 (Source: Quickcharts)
Due to this game-changing event, the HDD sector may take some time to sort itself out. It would be prudent not to take an aggressive position in any of the HDD players until the dust has fully settled.
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