RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may rebound further after it tested MYR0.72 support recently. Given that it has formed a positive candle for the third consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.79 level, with an exit set below the MYR0.72 threshold. Towards the upside, the immediate resistance is at the MYR0.865 level. This is followed by the MYR0.90 level.
Source: RHB Securities Research - 22 Aug 2019
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