Kumpulan Jetson is staging an upward rebound from the recent pullback as it rebounded strongly from the 21-day average line, breaching the MYR0.275 resistance yesterday – following the formation of a “White Marubozu” bullish candlestick last Friday. Coupled with above the 30-day average trading volume, the stock is expected to climb further towards the MYR0.30 mark, followed by MYR0.32 – 8 Jun’s high. If it falls below the support level of MYR0.245, the stock may trend downwards, forming a “lower low” bearish pattern.

Source: RHB Securities Research - 21 Jun 2022