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A 30-Year Expert Trader’s HONEST Confession - Ziet Invests
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gray
1,158 posts
Posted by gray > 2016-01-21 22:20 | Report Abuse
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