RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may rebound higher after it continued holding above the MYR1.10 support. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.22 level, with an exit set below the MYR1.10 threshold. Towards the upside, the immediate resistance is at the MYR1.42 mark. This is followed by the MYR1.50 level.
Source: RHB Securities Research - 4 Dec 2019
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