RHB Investment Research Reports
Trading Stocks - Jaya Tiasa
rhbinvest
Publish date: Thu, 03 Oct 2024, 09:43 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
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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
Jaya Tiasa is eyeing to extend the upside movement after staging a breakout on high volume. Yesterday, the stock closed above the MYR1.10 resistance to confirm a bullish setup. The trading volume is high, indicating the underlying bullish momentum is strong. Hence, expect a follow-through price action to test MYR1.17, followed by MYR1.25. On the other hand, a breach below the MYR1.03 support would negate the bullish setup.
Source: RHB Securities Research - 3 Oct 2024
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