JAG surged and touched the RM0.375 resistance level. With its 21-day moving average in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.39 and RM0.40. The downside support is projected at RM0.35. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.375

Target: RM0.39, RM0.40 (time frame: 2-4 weeks)

Exit: RM0.35
 

Source: AmInvest Research - 23 Nov 2021