RHB Retail Research
Trading Stocks - JF Technology
JF Technology is staging a technical rebound after it bounced off the 21-day average line, as it breached above the MYR1.46 level – forming a “higher high” structure. If it sustains above that level, the positive momentum may propel the stock towards MYR1.58 ie the nearest resistance, followed by MYR1.64 – August’s high. However, falling below the MYR1.36 support may trigger a downtrend – displaying a “lower low” bearish pattern.
Source: RHB Securities Research - 28 Sept 2021
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