Jaya Tiasa Holdings breached the RM0.50 level in its latest session. With a rising RSI level, a bullish bias may be present above this point with a target price of RM0.57, followed by RM0.605. Meanwhile, it may turn sideways if it falls back below the RM0.50 mark in the near term. In this case, support is anticipated at RM0.465 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.50

Target: RM0.57, RM0.605 (time frame: 3-6 weeks)

Exit: RM0.465

Source: AmInvest Research - 7 Jan 2019