JTiasa has pulled back to its breakout level

On October 12, I've posted a piece on JTiasa, which has just broken above its strong horizontal resistance of RM2.82/85 level. The rally that accompanied the breakout was very fast & the stock hit a high of RM3.26 on the following day. The share price has since given back some of its gain. It has been trading around the RM2.90 level for the past few days & this maybe a good level to establish a position in one of the big boys in the timber sector, which is enjoying from strong rotational play.

















Chart: JTiasa's weekly chart as at Oct 26