RHB Retail Research
Trading Stocks - JCY International
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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