Jaya Tiasa Holdings Bhd (JTIASA, 4383)

• Share price closed 0.9% higher at RM1.13 on Monday.

• JTIASA is now trading at its uptrend line which acts as its support. We also see huge buying volume at the opening yesterday and then followed by some pullback with low volume. JTIASA managed to close above all its key moving averages

• Coupled with its uptick in RSI and MACD indicators, its share price is expected to move higher.

• Resistance levels are identified at RM1.22 (R1) and RM1.25 (R2).

• On the flipside, support levels are pegged at RM1.13 (S1) and RM1.06 (S2).

Source: Rakuten Research - 26 Apr 2022