Jaya Tiasa Holdings Berhad (JTIASA, 4383)
- JTIASA broke out of its 2-month bullish flag pattern with consecutive candlesticks, coinciding with a gap-up yesterday. As the stock bounced off from the converging EMAs, this hints to a potential golden cross, further supported by the uptick in RSI hence reinforcing a positive outlook.
- Thus, we expect the rising momentum to steer the stock higher and test the initial resistance at RM1.35 (R1) followed by RM1.43 (R2).
- On the downside, stop-loss is set at RM1.19.
Basic Data | Technical | Ratings |
52-week High | RM1.53 | Entry Level | RM1.25 - RM1.30 | RSI | Neutral |
52-week High | RM0.965 | Resistance 1 | RM1.35 | Trend | Bullish |
Current Level | RM1.30 | Resistance 2 | RM1.43 | | |
| | Support 1 | RM1.27 | | |
| | Support 2 | RM1.19 | | |
Source: Rakuten Research -
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