Rakuten Trade Research Reports

Technical View - JF Technology Bhd

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Publish date: Tue, 28 Sep 2021, 12:13 PM
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JF Technology Bhd (JFTECH, 0146)

  • JFTECH closed 5.6% higher at RM1.50 on Monday.
  • JFTECH has broken out from its consolidation phase to close above the crossover of MA20 and MA50. JFTECH is currently trading above all its key moving averages.
  • There is also a MACD bullish crossover found in its MACD indicator. Backed by an uptick in RSI, we expect the buying momentum to continue.
  • Resistance levels are identified at RM1.58 (R1) and RM1.64 (R2).
  • On the flipside, support levels are pegged at RM1.44 (S1) and RM1.36 (S2).

Source: Rakuten Research - 28 Sept 2021

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