JCY International may rise higher, says RHB Research Research

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KUALA LUMPUR (Dec 26): RHB Research Research said JCY International Bhd may rise higher after it formed a second consecutive white candle.

In a trading stocks note today, the research house said this candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment.

“A positive bias may emerge above the 25 sen level, with an exit set below the 22.5 sen threshold.

“Towards the upside, the immediate resistance is at 30 sen. This is followed by the 34 sen level,” it said.