RHB Retail Research: JAKS Resources shows signs of rebound

RHB Retail Research says JAKS Resources Berhad is showing signs of staging a rebound following the recent sharp retracement that saw its share price reach a low of MYR0.825.

In a trading note, the research house says a positive bias may emerge above MYR0.89 with resistance points pegged at MYR0.945, followed by MYR1.00.

“A stop-loss can be placed below MYR0.89,” it says.

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