JCY’s expected higher move may not materialise after its tumble yesterday. An aggressive trader may exit below RM1.60 or otherwise, on confirmation below RM1.38. Supports are expected at RM1.20 and RM1.07, and a violation of both supports may spell the end of the rally. The weak bias is nullified should the stock close above RM1.60, following which it is expected to go higher instead and resistance lie at RM1.75 and RM1.90.
Source: OSK
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