Jaya Tiasa’s buying momentum is back after it broke out of the 1-week bullish flag pattern with a long white candle yesterday. With the stock pushing near its all-time high, supported by its rising EMAs, this likely indicates that the bullish momentum may be picking up. A bullish bias may emerge above the RM1.10 level, with a stop-loss set at RM1.02, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.23, followed by RM1.30.  

Entry : RM1.10–1.16

Target : RM1.23, RM1.30

Exit : RM1.02

Source: AmInvest Research - 21 Apr 2022