Rakuten Trade Research Reports
Technical View - Jaks Resources Bhd (JAKS, 4723)
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Publish date: Tue, 03 Dec 2019, 10:28 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Jaks Resources Bhd (4723)
• JAKS rose 6.4% or 7 sen to RM1.21 yesterday.
• Yesterday’s close marked a positive candle accompanied with a higher than average trading volume. As such, the pullback from recent high of RM1.38 may provide trading opportunity.
• From here, resistance levels are seen at RM1.27 (R1) and RM1.32 (R2).
• On the contrary, support levels can be identified at RM1.10 (S1) and RM1.00 (S2).
Source: Rakuten Research - 3 Dec 2019
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