RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may move higher after it continued holding above the MYR0.725 support. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.775 level, with an exit set below the MYR0.725 threshold. Towards the upside, the near-term resistance is at MYR0.87. This is followed by the MYR0.95 level.
Source: RHB Securities Research - 2 Apr 2019
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