Jaya Tiasa Holdings is poised to rebound upwards after it bounced higher from the recent pullback to hit the MYR1.10 mark – which was last Friday’s high. If it manages to surpass that level, the positive bias may propel the stock higher towards the recent high of MYR1.15, followed by MYR1.23 – the YTD high. However, the momentum may decline if it falls below the MYR1.02 support level, forming a “lower low” bearish structure.

Source: RHB Securities Research - 20 Apr 2022