Jaks is likely to fall further after recent high-volume trade fail to see upward pressure on the price. Liquidation can be made on a close below RM0.49, and supports are anticipated at RM0.44 and RM0.39. A failure to stay below RM0.49 may indicate a return of buying support, confirmed by a close above the recent high of RM0.53. This could lead to a rebound, with resistance at RM0.60 and RM0.625.
Source: OSK
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