Sep 28, 2016

JAYA TIASA: Triangle Pattern Breakout

Stock Code: 4383

jayatiasa stock analysis

Jaya Tiasa may resume its uptrend after climbing above the “Triangle” pattern. A bullish bias may be present above the MYR1.26 level with a target price of MYR1.40, followed by MYR1.47. The stock may turn sideways if it cannot sustain above the MYR1.26 mark in the near term. Support may be found at MYR1.20, where traders can exit upon a breach to avoid the risk of a further correction.

source: RHB Research 27/09/2016

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.