Thursday 28 Mar 2024
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KUALA LUMPUR (June 17): RHB Retail Research said Jaycorp Bhd may climb higher after forming a long white candle and leaving an upside gap.

In a trading stocks note today, 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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