KJTS Group (KJTS | 0293)
Last Price: RM0.77 | Technical Call: BUY
Support 1: RM0.75 | Resistance 1: RM0.84 |
Support 2: RM0.70 | Resistance 2: RM0.90 |
Shariah Compliant: Yes | Sector: Industrial |
KJTS Group may trend higher after it broke out from the 3-week bullish pennant pattern with another positive candle yesterday.
As the 20-day and 50-day EMAs have established their bullish crossover since early November, the uptrend may continue in the near term. A bullish bias may emerge above the RM0.75 level with stop-loss set at RM0.69, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.84, followed by RM0.90.
Entry: RM0.75-0.77
Target: RM0.84, RM0.90
Exit: RM0.69
Source: AmInvest Research - 3 Dec 2024
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Dec 02, 2024