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AmInvest Research Reports

Author: AmInvest   |   Latest post: Thu, 23 Jan 2020, 9:54 AM

 

Stocks on Radar - JAKS Resources (4723)

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JAKS Resources has rebounded from its low to test the immediate resistance level of RM1.27. With a rising RSI, a bullish bias may be present above this mark with target prices of RM1.36 and RM1.40. It may move sideways for consolidation if it fails to break above the resistance level in the coming sessions. The immediate support is anticipated at RM1.12, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.27

Target: RM1.36 and RM1.40 (time frame: 3-6 weeks)

Exit: RM1.12

Source: AmInvest Research - 4 Dec 2019

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Labels: JAKS

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Chart Stock Name Last Change Volume 
JAKS 1.42 -0.02 (1.39%) 7,542,000 

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