My Day to Day Analysis

Technical View – Seni Jaya Corporation Bhd

Publish date: Mon, 12 Sep 2022, 05:50 PM

Seni Jaya Corporation Bhd (SJC:MK)

·         A long consolidating pattern is forming for SJC, while trading volume is trending lower as of this moment.

·         The MACD indicates a minor golden cross but yet to break above the 0 zone level.

·         RSI shows a similarly flattish signal.

·         We like SJC’s current flattish pattern as it had not reflected the prospectus of economical reopening as well as political demand for billboards.

·         Rerating might be in place should GE is in place for Malaysia.

·         Resistance are currently pegged at RM2.45 (R1), RM2.50 (R2).

·         Support are currently positioned at RM2.30 (S1), RM2.16 (S2).

Disclaimer: No buy or sell call was recommended in the above article as it is purely for sharing purposes only.

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