Jaya Tiasa Holdings is poised to climb higher, as it printed a positive candlestick after rebounding from its intraday low yesterday. If the rebound continues towards breaching the immediate resistance of MYR1.06, the bullish momentum may propel the stock towards the MYR1.14 resistance, followed by MYR1.23 – its 52-week high. Conversely, falling below the MYR0.925 support level would trigger selling pressure as it forms a “lower low” bearish structure.

Source: RHB Securities Research - 30 Mar 2022