AmInvest Research Reports

Stock on Radar - KJTS Group (KJTS)

AmInvest
Publish date: Tue, 03 Dec 2024, 10:03 AM
AmInvest
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KJTS Group (KJTS | 0293)

Last Price: RM0.77 | Technical Call: BUY

Technical chart: KJTS

Support 1: RM0.75Resistance 1: RM0.84
Support 2: RM0.70Resistance 2: RM0.90
Shariah Compliant: YesSector: Industrial

KJTS Group may trend higher after it broke out from the 3-week bullish pennant pattern with another positive candle yesterday.

As the 20-day and 50-day EMAs have established their bullish crossover since early November, the uptrend may continue in the near term. A bullish bias may emerge above the RM0.75 level with stop-loss set at RM0.69, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.84, followed by RM0.90.

Entry: RM0.75-0.77

Target: RM0.84, RM0.90

Exit: RM0.69

 

Source: AmInvest Research - 3 Dec 2024

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