Jaya Tiasa Holdings is set to resume its uptrend as it rebounded strongly above the 21-day average line, surpassing the MYR0.68 previous breakout level, on strong trading volume. The “higher high” bullish pattern printed yesterday may propel the stock northwards towards MYR0.80, followed by MYR0.90. However, the counter may reverse direction if it drops below the MYR0.65 support, forming a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 3 Mar 2023