JCY International is in the course to resume its uptrend after pulling back on lower volume – indicating selling pressure is tapering. With the pull-back, the stock is establishing a foothold above the MYR0.38 resistance-turned-support level. If it stays above this level, it may reverse and climb towards the next resistance of MYR0.41, followed by MYR0.47. Conversely, if the stock falls below the MYR0.37 support level, the anticipation would be cancelled.

Source: RHB Securities Research - 18 Jun 2021