RHB Investment Research Reports
Trading Stocks - Jaya Tiasa Holdings
rhbinvest
Publish date: Wed, 20 Apr 2022, 08:45 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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
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