JF Technology to continue rising on strong trading volume, s

JF Technology to continue rising on strong trading volume, says RHB Retail Research


KUALA LUMPUR (May 4): RHB Retail Research said JF Technology Bhd is expected to continue its recent upward trajectory after it attempted to break the immediate resistance on strong volume yesterday.
"If it manages to break above the RM1.47 immediate resistance level, the positive momentum may extend towards the next resistance set at RM1.58, followed by RM1.68.
"However, this expectation would be invalid if it falls below the RM1.39 support level," it said.
JF Technology closed three sen or 2.08% higher at RM1.47 with 27.96 million shares traded, valuing the company at RM1.36 billion.
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