• JAG closed 5.5% or 2 sen higher to RM0.385 on Monday.

• The stock closed at its intraday high above its resistance on Monday along with strong buying interests. There is also a formation of cup and handle from 10 June. The positive candlestick is supported by higher trading volume as the key indicator MACD signals bullishness, there is a higher possibility for the stock to challenge higher levels.

• Resistance levels are projected at RM0.405 (R1) and RM0.435 (R2).

• On the flip side, support levels are at RM0.370 (S1) and RM0.340 (S2).

Source: Rakuten Research - 11 Aug 2021