Trading near support. JTiasa share price has retraced by almost 20% since reaching a high of RM1.81 recently, due to the overall weak market sentiment. Yesterday’s price action indicated fresh buying interest in the stock, supported by the uptick in RSI. We opine the buying interest will continue to lift the price upwards and peg our TP at RM1.81.
Failure to hold at support level of RM1.46 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 20 Jan 2016
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Created by PublicInvest | Nov 22, 2024
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Trading near support. JTiasa share price has retraced by almost 20% since reaching a high of RM1.81 recently, due to the overall weak market sentiment. Yesterday’s price action indicated fresh buying interest in the stock, supported by the uptick in RSI. We opine the buying interest will continue to lift the price upwards and peg our TP at RM1.81.
Failure to hold at support level of RM1.46 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 20 Jan 2016
2016-01-21 22:20