Jaya Tiasa Holdings consolidated and touched the RM0.665 resistance level. With its 21-day moving average pointing upward, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.70, followed by RM0.72. The downside support is marked at RM0.63. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.665

Target: RM0.70, RM0.72 (time frame: 2-4 weeks)

Exit: RM0.63
 

Source: AmInvest Research - 14 Jan 2022