Jaya Tiasa may rebound higher, says RHB Retail Research

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KUALA LUMPUR (May 20): RHB Retail Research said Jaya Tiasa Holdings Bhd may rebound higher after it continued holding above the 50 sen support.

In a trading stocks note today, the research house said in view that the 21-day SMA line will likely begin turning upwards, this is an indication of a positive sign.

“An upbeat bias may emerge above the 55 sen level, with an exit set below the 50 sen mark.

“Towards the upside, the immediate resistance is at the 66 sen level, followed by the 76 wen threshold,” it said.