Sector: Technology

Analysed on 27/11/21

JFTECH attempted to breakout from the descending trendline however it was not successful due to the weak market sentiment. JFTECH closed at RM1.450 on Friday, with immediate support at RM1.440 and immediate resistance at RM1.500. The share price of JFTECH is currently below the EMA50, indicating that the momentum is very weak. The support level at RM1.440 is crucial as JFTECH may reverse to downtrend if the price fall further below RM1.440.

JFTECH has reported an excellent QR recently with historical high earning and 7^th successive growth in revenue. We believe that JFTECH will continue to report satisfactory results in the coming quarters as the company is currently expanding their facility to meet the strong demand in the semiconductor industry, which is expected to complete by the 3^rd quarter of 2022. In view of the good prospect of reported by the company, Investor who is interested can consider to open position when there is sign of reversal.

--------------------------------------------------------

Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

TELEGRAM ：https://t.me/nottinvest

FB PAGE ：https://fb.com/NottInvest
--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.