Rakuten Trade Research Reports
Technical View - JF Technology Bhd (JFTECH, 0146)
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Publish date: Tue, 06 Jul 2021, 03:14 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
• JFTECH closed 9 sen or 6.8% higher to RM1.41 yesterday.
• JFTECH is on the verge to form a breakout above RM1.41 (recent high) after it breached the resistance level of RM1.32 recently. Buying momentum is set to resume along with higher trading volume accompanied by upticks in indicators, hence JFTECH is poised to move higher.
• Should it able to break the immediate resistance of RM1.41, next resistance levels are projected at RM1.48 (R1) and RM1.58 (R2).
• For downside support, support levels are set at RM1.24 (S1) and RM1.20 (S2).
Source: Rakuten Research - 6 Jul 2021
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