KUALA LUMPUR (March 30): RHB Retail Research said Jaya Tiasa Holdings Bhd is poised to climb higher, as it printed a positive candlestick after rebounding from its intraday low on Tuesday (March 29).
In a trading stocks note on Wednesday, the research housed said if the rebound continues towards breaching the immediate resistance of RM1.06, the bullish momentum may propel the stock towards the RM1.14 resistance, followed by RM1.23 – its 52-week high.
“Conversely, falling below the 92.5 sen support level would trigger selling pressure as it forms a 'lower low' bearish structure,” it said.