Jaya Tiasa Holdings is expected to propel higher after it climbed above the immediate resistance of MYR0.96 on strong trading volume and above the rising 21-day SMA line. If it remains above that level, the positive momentum may take the price towards the MYR1 mark, before pushing further towards the next resistance point of MYR1.10. In the event it falls below the MYR0.91 support, this expectation would be cancelled.

Source: RHB Securities Research - 11 Jan 2024