JF Technology is eyeing to move away from its consolidation phase after it bounced off from below to above the 21-SMA line while breaking above the immediate resistance of MYR1.42. Supported by a “higher low” base, the bullish bias above that level would spur the momentum to lead the stock towards the next hurdle of MYR1.50, followed by the MYR1.60 resistance level. On the other hand, falling below the MYR1.37 support may see the stock moving downwards.

Source: RHB Securities Research - 4 Aug 2021