Thursday 25 Apr 2024
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KUALA LUMPUR (Jan 31): PublicInvest Research said JAG Bhd is picking up its prior uptrend with relatively high trading volume after undergoing congestion phase.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of 9 sen be broken, it may continue to lift price higher to subsequent resistance level of 10.5 sen.

“However, failure to hold on to support level of 7.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.

 

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