RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may rise higher after it climbed above the MYR0.90 threshold. Given that it has formed a white candle for the fourth consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.90 level, with an exit set below the MYR0.81 threshold. Towards the upside, the immediate resistance is at the MYR1.00 level. This is followed by the MYR1.08 mark.
Source: RHB Securities Research - 14 Oct 2019
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