RHB Retail Research
Trading Stocks - JCY International
JCY International may rebound further after it tested MYR0.195 support in its latest session. Given that it has formed a long white candle above the rising 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.21 level, with an exit set below the MYR0.195 threshold. Towards the upside, the immediate resistance is at MYR0.24. This is followed by the MYR0.25 level.
Source: RHB Securities Research - 30 Oct 2019
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