RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources was testing the MYR1.00 threshold in its latest session. A bullish bias may be present above this point, with a target price of MYR1.08, followed by MYR1.12. The stock may consolidate further if it cannot breach above the MYR1.00 threshold in the coming sessions. Support may be found at MYR0.925, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 31 Oct 2019
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