Stock Code: 4383
- Last closing price RM1.20
- Potential return 12.5%
- Support RM1.14
- Stop Loss RM1.13
Buying interest. There were breakouts from 8-months downtrend line and RM1.18 resistance level on high volume yesterday. We observed increasing buying interests which pushed the price up for the past two days. Average traded volume for the past two days was substantial at 3.8m shares compared to previous 14-day average of 0.7m. Positive buying momentum was further signified by bullish MACD and RSI indicators, which may continue to lift Jaya Tiasa shares higher to next resistance level of RM1.28, followed by RM1.35.
However, failure to hold at support level of RM1.14 may indicate weakness in the share price and hence trigger a cut-loss signal.
source: PublicInvest Research – 9/8/2016JAYA TIASA HOLDINGS BERHAD
The Company is a fully-integrated timber producer in Malaysia with access to 1.76 million acres of timber concessions in the state of Sarawak Malaysia.The principal activities of the Company are investment holding provision of management services extraction and sale of logs manufacturing and sale of timber products reforestation and oil palm plantation.
JTIASA (4383) - Jaya Tiasa - Target Price RM1.28, 1.35