RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may climb higher after it formed a second consecutive white candle. This can be viewed as a continuation of the bulls extending the buying momentum from 31 Oct’s upside gap. A positive bias may emerge above the MYR1.11 level, with an exit set below the MYR1.00 threshold. Towards the upside, the immediate resistance is at the MYR1.24 mark. This is followed by the MYR1.35 level.
Source: RHB Securities Research - 11 Nov 2019
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