• Technical BUY with +22.9% potential return
• Last price: RM1.53
• Target price: RM1.78, RM1.88
• Support: RM1.41
• Stop-loss: RM1.39

BUY with a target price of RM1.88 and stop-loss at RM1.39. Based on the daily chart, JAK formed a breakaway gap and closed higher at RM1.53 yesterday. The uptick in the RSI and the increase in trading volume suggest that buying momentum is set to continue in the near term. We expect the stock to continue trending up towards our targets of RM1.78 and RM1.88 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 25 Jul 2017