Jaks Resources has been consolidating between the multiweek resistance line and the 21-day SMA line over the past week. A breakout from MYR0.71 would mark the end of this consolidation phase, and the stock may swing towards the MYR0.74 and MYR0.80 resistance points. A downside breach of the MYR0.665 support would negate this positive bias.
Source: RHB Securities Research - 27 Jan 2021
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhboskres | Aug 26, 2024