JCY may trade lower if the negative bias from yesterday’s weak candle is carried forward into today. A position can be exited on a close below yesterday’s low of RM1.49 and weakness is confirmed on a close below the recent low of RM1.30. Further support is at the March low of RM1.07. A failure to close below RM1.50 is likely to embolden buyers. Look for a test of RM1.75, should the recent high of RM1.60 be violated convincingly.
Source: OSK
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