If JTiasa can stay above the RM1.40 mark, its next upleg could begin. Its next resistance at RM1.75 could be the target if the stock breaks into a rally.
Chart 1: JTiasa's weekly chart as at Dec 31, 2015 (Source: Interachart.com.com)
Another Sarawakian timber-cum-plantation company which had done very well in the past 3 months is Ta Ann. From the chart below, we can see that it broke above its intermediate downtrend line, RR at RM3.70 in mid-October last year and rallied to test and eventually break above the horizontal line at RM4.50. Ta Ann could potentially hit the 1-for-1 target of RM5.60.
Chart 2: TaAnn's weekly chart as at Dec 31, 2015 (Source: Interachart.com.com)
Based on the above, I believe that JTiasa could be a good trading BUY.
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, JTiasa.