AmInvest Research Reports

Stock on Radar - KJTS Group (KJTS)

AmInvest
Publish date: Mon, 11 Nov 2024, 11:08 AM
AmInvest
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KJTS Group (KJTS | 0293)

Last Price: RM0.735 | Technical Call: BUY

Technical chart: KJTS

Support 1: RM0.70Resistance 1: RM0.80
Support 2: RM0.66Resistance 2: RM0.85
Shariah Compliant: YesSector: Industrial

KJTS Group may trend higher after it broke above the RM0.70 resistance and hit its 3-month high on Friday. As the 20-day and

50-day EMAs have established their bullish crossover a few sessions ago, it may see additional strength in the near term. A bullish bias may emerge above the RM0.70 level with stop-loss set at RM0.65, below the 50-day EMA. Towards the upside, near- term resistance level is seen at RM0.80, followed by RM0.85.

Entry : RM0.70-0.735

Target : RM0.80, RM0.85

Exit : RM0.65

Entry: RM0.70-0.735

Target: RM0.80, RM0.85

Exit: RM0.65

 

Source: AmInvest Research - 11 Nov 2024

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