RHB Investment Research Reports
Trading Stocks - Jentayu Sustainables
rhbinvest
Publish date: Fri, 24 Jun 2022, 10:05 AM
rhbinvest
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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
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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