JAKS Resources recovered from its low with higher trading volume and may soon test the RM1.33 resistance level. With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM1.42 and RM1.47. The downside support is anticipated at RM1.23, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM1.33

Target: RM1.42, RM1.47 (time frame: 3-6 weeks) Exit: RM1.23

Source: AmInvest Research - 4 Feb 2020