RHB Retail Research

Trading Stocks - JCY International

rhboskres
Publish date: Mon, 04 Jan 2021, 08:39 AM
rhboskres
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RHB Retail Research

JCY International’s multi-month steep retracement may have reached an interim low, after it recently tested the 200- day SMA line and showed signs of developing a rebound. A positive bias may emerge above MYR0.51, with resistance levels at MYR0.555 and MYR0.58. A downside breach of MYR0.51 would invalidate this positive expectation.

Source: RHB Securities Research - 4 Jan 2021

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