RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may rise higher after it breached above the MYR0.80 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR0.80 level, with an exit set below the MYR0.73 threshold. Towards the upside, the immediate resistance is at MYR0.85. This is followed by the MYR0.90 level.
Source: RHB Securities Research - 5 Jul 2019
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