AmInvest Research Reports

Stock on Radar - KJTS GROUP (KJTS)

AmInvest
Publish date: Wed, 08 Jan 2025, 10:09 AM
AmInvest
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KJTS GROUP (KJTS | 0293)

Last Price: RM0.86 | Technical Call: BUY

Technical chart: KJTS

Support 1: RM0.82Resistance 1: RM0.95
Support 2: RM0.78Resistance 2: RM1.00
Shariah Compliant: YesSector: Industrial

KJTS Group's buying interest has returned after breaking out of a 2-week bullish flag pattern with a positive candle yesterday.The stock's surge to a new all-time high, supported by its rising EMAs, likely indicates that the upward momentum is gaining strength. A bullish bias may emerge above the RM0.82 level with stop-loss set at RM0.77, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.95, followed by RM1.00.

Entry: RM0.82-0.86

Target: RM0.95, RM1.00

Exit: RM0.77

Source: AmInvest Research - 8 Jan 2025

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