Jaya Tiasa may rebound higher, says RHB Retail Research

RHB Retail Research says Jaya Tiasa may rebound higher after it continued holding
above the RM 0.50 support.

In its trading notes today, the research house is in view that the 21-day SMA line will likely begin turning upwards, this is an indication of a positive sign.

“An upbeat bias may emerge above the RM 0.55 level, with an exit set below the RM 0.50 mark. Towards the upside, the immediate resistance is at theRM 0.66 level,
followed by the RM 0.76 threshold,” the research house stated.

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