RHB Retail Research
Technical Analysis - JCY International
JCY International may rebound further after it tested the MYR0.295 support in its latest session. As the 21-day SMA line is likely to turn higher, it would appear that the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.295 level, with an exit set below the MYR0.295 level. Towards the upside, the near-term resistance is at MYR0.335. This is followed by the MYR0.345 level.
Source: RHB Securities Research - 15 Aug 2018
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