Jati Tinggi rose above the key resistance level to confirm a bullish setup. The counter reclaimed the territory above the MYR0.635 resistance level to form a fresh “higher high” bullish candlestick. We observed that trading volume has been increasing in tandem with the share price, signalling that strong bullish momentum is underway. We expect the momentum to propel the counter towards MYR0.735, followed by MYR0.83. A fall below the MYR0.57 support level would kick off a correction phase.
 

Source: RHB Securities Research - 5 Jul 2024