RHB Investment Research Reports

Trading Stocks - Jentayu Sustainables

rhbinvest
Publish date: Fri, 24 Jun 2022, 10:05 AM
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Jentayu Sustainables is set for a rebound after undergoing a technical breakout yesterday on stronger trading volume – forming a “higher high” bullish structure above the 21-day average line. The bullish bias above that level may propel the stock towards the MYR0.475 resistance, followed by MYR0.50. However, the stock may reverse direction if it falls below the MYR0.40 support – forming a “lower low” bearish pattern.

Source: RHB Securities Research - 24 Jun 2022

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