RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may rebound further after it tested MYR0.66 support in recent session. This upward momentum is likely to continue, given that it has formed a second consecutive white candle. A bullish bias may appear above the MYR0.70 level, with an exit set below the MYR0.66 threshold. Towards the upside, the near-term resistance is at MYR0.79. This is followed by the MYR0.85 level.
Source: RHB Securities Research - 9 May 2019
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