SJC had experienced a hype of interest on their bonus issuance ex-date, where investors had flocked to leverage on the arbitrage opportunity. Nevertheless, we spotted a lower retail-participation (represented by green bar) and an increase of higher volume trader (IVT/PDT, represented by yellow bar). The Doji-like candle on closing represented a decrease in selling volume, while indicating more trading interest for the past 2 trading weeks.
Support Level: RM0.560, RM0.565
Resistance Level: RM0.585
TP: RM0.620