KJTS is attempting to extend the upside movement after staging a bullish breakout. The counter managed to climb above the 21- day SMA line and closed above the MYR0.70 resistance. This latest breakout, coupled with high volume, shows that a strong bullish momentum is underway. The stock is now setting its sights to test the MYR0.75 mark, followed by the MYR0.80 level. However, a breach below the MYR0.65 support opens the door to the bearish phase.

Source: RHB Securities Research - 22 Jul 2024