RHB Investment Research Reports
Trading Stocks - Jaya Tiasa
rhbinvest
Publish date: Thu, 03 Oct 2024, 09:43 AM
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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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