RHB Retail Research

Trading Stocks - Jaks Resources

rhboskres
Publish date: Wed, 27 Jan 2021, 02:46 PM
rhboskres
0 9,021
RHB Retail Research

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

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