RHB Retail Research

Trading Stocks - Jaycorp

rhboskres
Publish date: Fri, 25 Oct 2019, 11:04 AM
rhboskres
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RHB Retail Research

Jaycorp may trend higher after forming a long white candle and leaving an upside gap. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR1.10 level, with an exit set below the MYR1.06 threshold. Towards the upside, the immediate resistance is at the MYR1.20 mark. This is followed by the MYR1.30 level.

Source: RHB Securities Research - 25 Oct 2019

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