We expect further upside for Jati Tinggi Group after it recouped most of the previous session’s losses and pushed higher from its RM0.51 low. As the 20-day and 50-day EMAs have established a bullish crossover since early June, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.56 level with stop-loss set at RM0.50, below the 19 June low. Towards the upside, near-term resistance level is seen at RM0.73, followed by RM0.80.

Entry : RM0.56–0.615

Target : RM0.73, RM0.80

Exit : RM0.50

Source: AmInvest Research - 20 Jun 2024