Jaya Tiasa Holdings may trend upwards further after it broke out from its 2 weeks rectangle with a long white candle two
sessions ago. The 20-day and 50-day EMAs are converging and likely to confirm its bullish crossover soon, indicating a positive
signal. With the stock trading with 3 consecutive white candles and backed by a high trading volume has enhanced the bullish
momentum. A bullish bias may emerge above the RM0.60 level, and the bullish momentum should lift it towards the subsequent
resistance levels of RM0.68, followed by RM0.70. Towards the downside, the stop-loss is set at RM0.55 below the 20 Oct’s low.

Entry : RM0.60-0.62
Target : RM0.68, RM0.70
Exit : RM0.55

Source: AmInvest Research - 3 Nov 2022