Saturday 18 May 2024
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KUALA LUMPUR (March 10): RHB Retail Research said Jaya Tiasa Holdings Bhd is set to propel higher after it continued its positive momentum for the second consecutive session, breaking above the RM1.08 resistance on Wednesday (March 9) and printing a “White Marubozu” bullish candlestick on strong volume.

In a trading stocks note on Thursday, the research house said if the momentum persists, the stock is expected to travel towards the recent high of RM1.23, followed by RM1.47, its multi-year high.

“Conversely, falling below the immediate support of 98.5 sen may trigger the resumption of a downward correction as it forms a 'lower low' bearish structure,” it said.

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