Jaya Tiasa is poised to stage a bullish breakout, and lean towards the resistance point of MYR0.94 on strong volume. Since mid-September, the stock has been moving sideways for a consolidation below the MYR0.94 resistance. If a breakout happens, the momentum would propel the stock towards the next resistance of MYR1, followed by MYR1.05. Towards the downside, falling below the MYR0.86 support will dent market sentiment and kick off a correction.

Source: RHB Securities Research - 9 Nov 2023