Rakuten Trade Research Reports
Technical View - JF Technology Bhd
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Publish date: Thu, 10 Feb 2022, 11:09 AM
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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
JF Technology Bhd (JFTECH, 0146)
• Share price closed 4.1% higher at RM1.28 on Wednesday.
• We clearly see JFTECH is rebounding from its 52-week low and closed above its MA20 yesterday. We also noticed a MACD bullish crossover indicating potential continuation of the rebound.
• Backed by upticks in its indicators and reversal trend, JFTECH is poised to move higher.
• Resistance levels are identified at RM1.36 (R1) and RM1.44 (R2).
• On the flipside, support levels are pegged at RM1.24 (S1) and RM1.13 (S2).
Source: Rakuten Research - 10 Feb 2022
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