RHB Retail Research: JAKS Resources shows upward trend

RHB Retail Research says JAKS Resources Berhad marginally crossed above the 21-day SMA line, this was after it recently tested the MYR0.855 support.

In a trading note, the research house says a positive bias may appear above MYR0.88 while resistance points are set at MYR0.935, followed by MYR0.98.

“A stop-loss can be placed below MYR0.88,” it says.

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