RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may rise higher after it breached above the MYR1.40 threshold. Last Friday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.40 level, with an exit set below the MYR1.33 threshold. Towards the upside, the immediate resistance is at the MYR1.60 mark. This is followed by the MYR1.70 level.
Source: RHB Securities Research - 20 Jan 2020
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