Jentayu Sustainables
In the latest technical analysis of RHB Research, Jentayu Sustainables is said to set for a rebound after undergoing a technical breakout yesterday on stronger trading volume – forming a “higher high” bullish structure above the 21-day average line. The bullish bias above that level may propel the stock towards the MYR0.475 resistance, followed by MYR0.50. However, the stock may reverse direction if it falls below the MYR0.40 support – forming a “lower low” bearish pattern.
UWC
This counter, according to the technical analysis report, is eyeing a technical breakout as it tried to climb higher again towards the immediate resistance of MYR3.23. If it manages to breach above that level – forming a “higher high” bullish pattern – the stock may climb further towards the resistance level of MYR3.47 ie 20 Apr’s high, followed by MYR3.61 or the high of 14 Apr. If it falls below the support level of MYR3.00, the stock may move south, below the 21-day average line.
