JAKS (Not Rated)

• JAKS rose 7.0 sen (+5.60%) to close at RM1.32 yesterday.
• Chart-wise, the stock has been undergoing a series of sell-down since mid-January this year. Nonetheless, we note that yesterday’s white candlestick may be signalling a potential bullish reversal.
• Coupled with upticks from its momentum indicators, we believe that the stock may be poised for more upside.
• Should the bullish momentum persists, its key resistance levels are seen at RM1.50 (R1) and RM1.65 (R2).
• Conversely, key support levels can be seen at RM1.15 (S1) and RM1.00 (S2).

SERBADK (Not Rated)

• SERBADK dropped 7.0 sen (-3.11%) to end at RM2.18 yesterday.
• Chart-wise, the stock has been undergoing some selling pressure, which sees it currently trading below its 20-day SMA.
• Coupled with a bearish signal from MACD and lacklustre momentum indicators, the stock may continue to trend lower.
• From here on, its support levels can be identified at RM2.10 (S1) and RM2.00 (S2)
• Conversely, resistance can be identified at RM2.30 (R1) and RM2.50 (R2).

Source: Kenanga Research - 4 Feb 2020