RHB Retail Research
Trading Stocks - Jaya Tiasa
Jaya Tiasa may climb higher after forming a white candle and hit its new 52-week high. This can be viewed as a continuation of the bulls extending the buying momentum from 28 Nov’s upside gap. A positive bias may emerge above the MYR0.69 level, with an exit set below the MYR0.655 threshold. Towards the upside, the immediate resistance is at the MYR0.80 mark. This is followed by the MYR0.865 level.
Source: RHB Securities Research - 3 Dec 2019
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