RHB Retail Research
Trading Stocks - Jaya Tiasa
Jaya Tiasa formed a long white candle yesterday, indicating that the momentum of buying could be strong. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR0.58 level, with an exit set below the MYR0.55 threshold. Towards the upside, the immediate resistance is at MYR0.65. This is followed by the MYR0.70 level.
Source: RHB Securities Research - 24 Jan 2019
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