Possible for further upside. JAKS is potentially staging a stronger recovery,with anticipation of continuous improvement in both momentum and trend in thenear term. Should immediate resistance level of RM0.185 be broken withrenewed buying interest, it may continue to lift price higher to subsequentresistance level of RM0.200.
However, failure to hold on to support level of RM0.160 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 5 Jul 2024
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