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.