Sector: Technology

Analysed on 12/09/21

JFTECH had turned weak since the release of their QR, currently trading at RM1.390, with immediate support at RM1.360, and immediate resistance at RM1.440. Note that JFTECH is now below EMA50, indicate that the momentum is weak. Moreover, both EMA25 and EMA50 are trending downwards, indicating the potential downtrend rally. As JFTECH is weak at the moment, investors are advised to trade only where there is sign of rebound or reversal, which could be confirmed with the formation of higher low or EMA25/EMA50 begin to slope upwards again.

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