We expect further upside for Jati Tinggi Group after it recouped most of the previous session’s losses and pushed higher from its RM0.51 low. As the 20-day and 50-day EMAs have established a bullish crossover since early June, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.56 level with stop-loss set at RM0.50, below the 19 June low. Towards the upside, near-term resistance level is seen at RM0.73, followed by RM0.80.
Entry : RM0.56–0.615
Target : RM0.73, RM0.80
Exit : RM0.50
Source: AmInvest Research - 20 Jun 2024
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Created by AmInvest | Nov 01, 2024