Jati Tinggi Group is eyeing to extend the bullish trajectory after staging a bullish breakout on high volume. The counter printed a long white candlestick and closed above the MYR0.50 resistance, showing a strong bullish momentum is underway. After the breakout, we expect a follow-through price action to test the MYR0.57 level, followed by the MYR0.635 mark. On the other hand, falling below the MYR0.44 support will negate the bullish setup and set off a correction phase.

Source: RHB Securities Research - 3 Jan 2025