Jaya Tiasa Holdings jumped and touched the RM0.645 resistance level. With its 21-day moving average pointing upward, coupled with a bullish candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.67, followed by RM0.69. The downside support is marked at RM0.60. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.645

Target: RM0.67, RM0.69 (time frame: 2-4 weeks)

Exit: RM0.60

Source: AmInvest Research - 25 Aug 2021