JAKS Resources may climb higher after forming a white candle and hitting its highest close in more than four months. Last Friday’s white candle can be regarded as a continuation of the rebound that started off 29 Mar’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR0.83 level, with an exit set below the MYR0.725 threshold. Towards the upside, the immediate resistance is at MYR0.94. This is followed by the MYR1.03 level.

Source: RHB Securities Research - 8 Apr 2019