JF Technology formed a long white candle, indicating that the momentum of buying could be strong. The upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR0.84 level, with an exit set below the MYR0.75 threshold. Towards the upside, the near-term resistance is at MYR1.02. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 21 Mar 2019
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Created by rhboskres | Aug 26, 2024