RHB Retail Research
Trading Stocks JCY International
JCY International rose with a high trading volume to test the resistance level of RM0.755. With the 21-day SMA trending higher, coupled with renewed trading interest, we think the positive momentum may continue to propel its share price towards MYR0.81 and MY0.87. This positive expectation would remain valid, provided the MYR0.695 support does not fail.
Source: RHB Securities Research - 29 Sept 2020
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