RHB Retail Research
Trading Stocks - Jaycorp
Jaycorp may climb higher after forming a long white candle and leaving an upside gap. Last Friday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR1.00 level, with an exit set below the MYR0.93 threshold. Towards the upside, the immediate resistance is at MYR1.10. This is followed by the MYR1.20 level.
Source: RHB Securities Research - 17 Jun 2019
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