Monday, February 25, 2019

JAKS: Bullish Breakout

JAKS had a long decline after it peaked at RM1.80 in February 2018. It dropped to a low of RM0.40 in December 2018. Last Friday it broke above its downtrend line at RM0.60-0.61. With this bullish breakout, JAKS could begin its recovery. A good level for entry is around RM0.60-0.61. 

Chart: JAKS's daily chart as at Feb 25, 2019_2.50pm (Source:

I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.

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