JAYA TIASA HOLDINGS BHD
Long
Updated

Clear path ahead?

150
The weekly chart shows a trend reversal and since breaking the EMA200 barrier and closing above it since early Nov 19, JTIASA started the day with a gap up following the positive sentiments from a profitable quarter and the recovery from a consecutive 3 Q's losses.

Fundamentally, EPS is now positive after 3 negatives from previous QR's.

Golden cross was achieved today, broke the 0.685 resistance confirming the cup shape, let us now wait for the handle to be formed.





Note
Next resistance would be 0.730/0.745. Long target is 0.80.
Note
R 0.73 broken
Trade active
0.80 broken, trading at 52WH, RM 1 next?
Note
Fly baby fly....
Trade closed: stop reached

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