AmInvest Research Reports
Stocks on Radar - JAKS Resources (4723)
AmInvest
Publish date: Thu, 16 Jan 2020, 09:05 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
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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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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