Recalled that we had previously (on 11-Oct-2013) highlighted JETSON to watch for a potential breakout above RM1.72. It had since gradually gained traction to close at a new high and penetrated the long-term downward slopping overhead resistance @RM1.80 (intra-day @RM1.83) while key indicators such as RSI, MACD, and Stochastic are curving upwards. We believe the share price may potentially pave its way towards RM1.96-RM2.00 (Fibonacci and Andrew’s Pitchwork resistance). For short-term trading purpose, we are calling a BUY on JETSON with short-term target @RM1.96. Meanwhile, our protective stop-loss level is pegged at RM1.70. 

 

Source: Kenanga