KUALA LUMPUR (Feb 13): RHB Retail Research said JCY International Bhd may rebound higher after it continued holding above the 18 sen support.
In a trading stocks note today, the research house said as the stock breached above the 20 sen threshold, this indicates a positive sign.
“A bullish bias may appear above the 20 sen level, with an exit set below the 18 sen threshold.
“Towards the upside, the near-term resistance is at 23 sen. This is followed by the 24.5 sen level,” it said.