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BURSA : JAKS rebounding with strong Volume.

MYX:JAKS   JAKS RESOURCES BERHAD
JAKS found support around 0.66
Potential Resistance 0.985-1.00

+ Accumulation happen around that area with volume spike.
= ATOM is back into Neutral territory and MACD turned bullish.
+ FiFT Buy on Dip signal appears above 0.79 on 1st April with strong BULL force (80Mil volume).
- Hit high 0.92 (+16%) but resisted by EMA20 and formed Bearish Piercing candle on 3 April. (Profit taking)
- Overall trend still DownTrend (EMA20 < EMA50) and Bearish as price still below EMA50


Plan for short term trade (JAKS still downtrend and bearish):-
* Wait for JAKS to retrace and form Higher Low or retest support and form double bottom at 0.66.
* Good Risk Reward area to go long is below at 0.76 or below.
* Plan is not valid if JAKS continue to rally or break below 0.66..



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