Friday 29 Mar 2024
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KUALA LUMPUR (June 17): Jaycorp Bhd shares rose 4.85% at mid-morning today, following a positive technical outlook on the stock.

At 10.33am, Jaycorp rose 5 sen to RM1.08, with 274,200 shares traded.

RHB Retail Research said, in a trading stocks note today, Jaycorp may climb higher after forming a long white candle and leaving an upside gap.

The research house said last Friday's candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

"A bullish bias may emerge above the RM1.00 level, with an exit set below the 93 sen threshold.

"Towards the upside, the immediate resistance is at RM1.10. This is followed by the RM1.20 level," it said.

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