KJTS Group is eyeing to extend the bullish trajectory after breaking past the resistance on strong volume. The counter has printed a long white candlestick and closed above the MYR0.90 resistance, which shows a strong bullish momentum is underway. The 21-day SMA line is also pointing upwards, indicating the short-term trend is bullish. Premised on this momentum, the stock may travel towards MYR0.95,followed by the MYR1 mark. On the downside, falling below the MYR0.85 support negates the bullish setup and will kickstart a correction.

Source: RHB Securities Research - 24 Jan 2025