Rakuten Trade Research Reports

Technical View - Jaya Tiasa Holdings Berhad

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Publish date: Wed, 05 Feb 2025, 10:20 AM
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Technical chart: JTIASA

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 DataTechnicalRatings
52-week HighRM1.53Entry LevelRM1.25 - RM1.30RSINeutral
52-week HighRM0.965Resistance 1RM1.35TrendBullish
Current LevelRM1.30Resistance 2RM1.43  
  Support 1RM1.27  
  Support 2RM1.19  

Source: Rakuten Research -

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