RHB Retail Research
Trading Stocks - JAG
JAG retraced last Friday on shrinking volume, and consolidated horizontally. While moving sideways, it maintained a strong northward posture by forming a higher low pattern. The uptrend will be extended if it manages to break above the immediate resistance of MYR0.43. The next resistance levels are marked at MYR0.48 and MYR0.50. A downside breach of the MYR0.38 support would nullify this trading set up.
Source: RHB Securities Research - 22 Mar 2021
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