RHB Retail Research
Trading Stocks - JCY International
JCY International was testing the MYR0.29 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR0.32, followed by MYR0.34. The stock may take a breather if it cannot breach above the MYR0.29 mark in the near term. Support may be found at MYR0.255, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 6 May 2020
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