Jaya Tiasa Holdings is set to resume its rebound as it inched up and crossed above the immediate resistance level of MYR0.605 yesterday, printing a “White Marubozu” bullish candlestick on improved trading volume. If it manages to stay above that level, the bulls are expected to propel it further towards July’s high of MYR0.645, before testing the next resistance of MYR0.675. However, the bullish momentum may be reversed if it falls below the MYR0.555 support, forming a “lower low” bearish structure.

Source: RHB Securities Research - 2 Nov 2022