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Stock Picks: Jati Tinggi And 3REN

Business Today ·  Jan 3 07:50
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RHB Investment Bank Bhd (RHB Research) highlights Jati Tinggi Group as a stock to watch after it staged a bullish breakout on strong trading volume. The counter closed above the RM0.50 resistance level with a long white candlestick, signalling strong bullish momentum.

The research house anticipates further gains, with immediate targets at RM0.57 and RM0.635. However, a drop below the RM0.44 support level could negate the bullish outlook and initiate a corrective phase.

3REN also emerges as a promising pick, following its breakout above the RM0.40 resistance level, supported by high trading volume. The formation of a long white candlestick indicates a bullish setup, with potential targets at RM0.44 and RM0.48.

On the downside, breaching the RM0.36 support level would nullify the positive outlook and signal a return to the correction phase.

According to RHB Research, both stocks demonstrate strong technical indicators, but investors should monitor key support and resistance levels to manage potential risks.

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Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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