JF Technology may trend higher after it surged to a 7-month high and closed above the RM0.87 resistance (the Aug high) yesterday. Given that the stock has broken out from the 1-week bullish flag pattern a few sessions ago, the uptrend may continue in the near term. A bullish bias may emerge above the RM0.87 level, with a stop-loss set at RM0.76, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.00, followed by RM1.10.

Entry : RM0.87–0.895

Target : RM1.00, RM1.10

Exit : RM0.76

Source: AmInvest Research - 15 Dec 2022