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AmInvest Research Reports

Author: AmInvest   |   Latest post: Tue, 25 Feb 2020, 9:18 AM

 

Stocks on Radar - JAKS Resources (4723)

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JAKS Resources surged past the resistance price of RM1.33 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach the target price of RM1.48, followed by RM1.56. If it dips below RM1.33, it will continue to move sideways and consolidate. Support is anticipated at RM1.26 whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on continuation above RM1.33

Target: RM1.48, RM1.56 (time frame: 3-6 weeks) Exit: RM1.26

Source: AmInvest Research - 16 Jan 2020

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Labels: JAKS

Related Stocks

Chart Stock Name Last Change Volume 
JAKS 1.46 +0.02 (1.39%) 10,095,000 

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thanaraj Dutch Lady Malaysia share price has gone down to the price two years ago of around Rm45.00. This may be the right time to buy it but watch closely F&N its close competetor. Comments welcome. Investor.
17/01/2020 5:59 PM


 

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