RHB Retail Research
Trading Stocks -JAKS Resources
JAKS Resources may rebound higher after it continued holding above the MYR0.73 support. As the stock marked a higher close vis-à-vis the previous sessions since 3 Oct, this indicates a positive sign. A positive bias may emerge above the MYR0.79 level, with an exit set below the MYR0.73 threshold. Towards the upside, the immediate resistance is at the MYR0.865 mark. This is followed by the MYR0.90 threshold.
Source: RHB Securities Research - 9 Oct 2019
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