Stock in Focus: JG Summit Holdings (JGS)

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Will JG Summit Holdings (stock symbol: JGS) receive good fortune this April?

This stock has posted several record highs in March, reaching as high as 50.50 before retreating. With the target at 50 reached, bulls have set a high standard and needless to say, they need to maintain their control of the 50 psychological level. Should JGS decline, damage to the forming uptrend would be minimized if they can dissuade bears from visiting prices below the 45-47 area.

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Philippine Stock Exchange, JG Summit_JGS Daily chart, April 3, 2014

JGS Daily chart, April 3, 2014

The Commodity Channel Index (CCI) is on a slow but steady advance above the zero level.

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