RHB Retail Research

Trading Stocks - JAKS Resources

rhboskres
Publish date: Wed, 04 Dec 2019, 05:42 PM
rhboskres
0 9,021
RHB Retail Research

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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