RHB Retail Research
Trading Stocks - JAKS Resources
JAKS Resources may rebound further after it tested MYR1.39 support in its latest session. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR1.39 level, with an exit set below the MYR1.39 threshold. Towards the upside, the immediate resistance is at the MYR1.51 mark. This is followed by the MYR1.60 level.
Source: RHB Securities Research - 28 Jan 2020
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