Jaya Tiasa Holdings retraced to the RM0.825 support level. With its 21-day moving average indicator pointing upwards, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical rebound and head towards the short-term target price of RM0.855, followed by RM0.885. The downside support is marked at RM0.77. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM0.825

Target: RM0.855, RM0.885 (time frame: 2-4 weeks)

Exit: RM0.77

Source: AmInvest Research - 10 May 2021