RHB Retail Research
Trading Stocks - Jaya Tiasa
Jaya Tiasa may move higher after it continued holding above the MYR0.53 support. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.55 level, with an exit set below the MYR0.53 threshold. Towards the upside, the immediate resistance is at the MYR0.60 level, followed by the MYR0.63 threshold.
Source: RHB Securities Research - 12 Nov 2019
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