RHB Retail Research
Technical Analysis - JCY International
JCY International
JCY International may rebound further after it tested MYR0.26 support in recent trades. The upward momentum is likely to continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR0.28 level, with an exit set below the MYR0.26 threshold. Towards the upside, the near-term resistance is at MYR0.32. This is followed by the MYR0.345 level.
Source: RHB Securities Research - 8 Aug 2018
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