Jaya Tiasa Holdings Bhd (4383)

• JTIASA gained 2.3% or 2 sen to close at RM0.895 yesterday.

• Share price hit a high of RM1.12 recently before pulling back to current level. Yesterday’s move signals a positive rebound supported by higher trading volume. As the share price is trading above all key moving averages, we expect buying interest to remain.

• From here, resistance levels are expected at RM0.96 (R1) and further to RM1.12 (R2).

• Conversely, downside support levels can be expected at RM0.86 (S1) and RM0.78 (S2).

Source: Rakuten Research - 22 Jan 2020