Jentayu Sustainables set for a rebound, says RHB Retail Research

The Edge Markets LogoThe Edge Markets1 mo ago

Jentayu Sustainables set for a rebound, says RHB Retail Research

Quick Summary AI Powered

In a trading stocks note on Friday (June 24), the research house said the bullish bias above that level may propel the stock towards the 47.5 sen resistance, followed by 50 sen.“However, the stock may reverse direction if it falls below the 40 sen support, forming a 'lower low' bearish pattern,” it said.

KUALA LUMPUR (June 24): RHB Retail Research said Jentayu Sustainables Bhd is set for a rebound after undergoing a technical breakout on Thursday on stronger trading volume, forming a “higher high” bullish structure above the 21-day average line.

More Pictures


Article Details

Category: InvestingFinance

Topics: Lumpur (june Forming Research Retail Stock Kuala Jentayu Bullish Trading 24):

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 23:39:22

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 1 minutes read

Article Length: 107 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6653

View Article Analysis

About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website:

Update Frequency: 111 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #17

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.