RHB Retail Research
Technical Analysis - JAKS Resources
JAKS Resources may rebound further after it tested the MYR0.80 support in recent sessions. Given that it has formed a white candle for the second consecutive session, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.90 level, with an exit set below the MYR0.80 threshold. To the upside, the near-term resistance is at MYR1.03. This is followed by the MYR1.12 level.
Source: RHB Securities Research - 18 Sept 2018
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