RHB Retail Research
Trading Stocks - Jaya Tiasa
Jaya Tiasa formed a long white candle, indicating that the buying momentum could be strong. As the 21-day SMA line is likely to begin turning upwards, this indicates a positive sign. A positive bias may emerge above the MYR0.51 level, with an exit set below the MYR0.465 threshold. Towards the upside, the immediate resistance is at the MYR0.58 mark. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 1 Nov 2019
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