Jaya Tiasa Holdings Bhd (JTIASA, 4383)

• Share price closed 7.6% higher at RM1.14 on Wednesday.

• JTIASA has been trading on a strong uptrend mode since Jan 2022. Its share price is trading above all Its key moving averages which are swinging upwards. Backed by hike in crude palm oil price, it manages to rebound from previous price weakness.

• Coupled with uptick in its indicator and mid-term uptrend, we anticipate the share price to trend higher.

• Resistance levels are identified at RM1.22 (R1) and RM1.34 (R2).

• On the flipside, support levels are pegged at RM0.985 (S1) and RM0.890 (S2).

Source: Rakuten Research - 10 Mar 2022