RHB Retail Research
Technical Analysis - Ideal Jacobs (Malaysia) Corp
Ideal Jacobs formed a white candle in the latest session and, at the closing, breached above the downtrend line – as drawn in the chart. This indicates that the stock is likely to resume its upward move. Towards the upside, immediate resistance is at MYR0.31, followed by MYR0.355. For risk management purposes, a stop-loss can be placed at below MYR0.25.
Source: RHB Securities Research - 26 Nov 2018
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