RHB Retail Research
Trading Stocks - JCY International
At the time of writing, JCY International was testing the MYR0.33 threshold. A bullish bias may be present above this point with a target price of MYR0.36, followed by MYR0.40. The stock may take a breather if it cannot decisively breach above the MYR0.33 mark in the coming sessions. Support may be found at MYR0.305, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 30 Jan 2020
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