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JAKS RESOURCES BERHAD

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JAKS trade ideas

JAKS - Wait for Bullish BreakoutJAKS - 10/05/2020 JAKS still remains in an uptrend as the price and the MACD line stand above the uptrend line and the zero line respectively. However, the price increased with lower volume, the sideways movement of RSi shows that the momentum is likely to be slower down. There is a previous gap to be closed, if the price is able to close the gap and break above the resistance level, we may see a further bullish trend. It is safe to hold as long as not breaking below the support level. Immediate resistance: 1.15 - 1.22 Immediate support: 1.09 Midterm Resistance: 1.40 Midterm Support: 0.955 Like & Follow Facebook page: BullBearBursa
MYX:JAKS
by hubertheong
JAKS - The Business Fundamental and Its PotentialJaks Resources Bhd is an investment holding company with six main segments - Manufacturing segment comprises mainly manufacturing of pipes; - Trading segment comprises trading in sheet piles, steel bars, mild steel and special pipes, other steel related products, building materials and supply of products for water supply industry; - Construction segment Comprise mainly provision of sub-contracting activities; - Investment segment involves investment holding activities; - Property Development and Property Investment segment is engaged in the development of residential and commercial properties and management of development shopping mall. Its principal geographical areas for its operations are located in Malaysia and Vietnam. For its Vietnam business, JAKS involves in building 2 x 600MW coal plant with guaranteed demand for 25 years and the "rent" or "service fee" will be paid by the government. Sounds like a good business right? YES. As of now, the coal plant are projected to be completed in Q3 2020 with 8 years to reach breakeven position with 12% IRR. Fundamentally, - JAKS has been profiting since 2013 consistently. - EPS: 16.68 - PE Ratio: 5.9 - NTA: 1.52 - ROE: 10.97 Undervalued at this point of time suggesting the price should be at least at par with the NTA of 1.52. Kindly note that the ATH for JAKS now RM1.54. Now? RM1.00, uptrend with 50% potential to ATH more to go while your business is secured up to 25 years :)
MYX:JAKSLong
by mahsyarsaid
BURSA : JAKS rebounding with strong Volume. 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..
MYX:JAKS
by kgiap123
2
CASE STUDIES : Trade JAKS with 3 Indicators.Many gurus out there urge his follower to BUY JAKS because of GOOD FUNDAMENTAL.. Fundamental Guru call to buy JAKS at 1.18 because they think that it's already at support and under value... Guess what, it drop more than 20% in 5 days after the buy call. BUT Technical Analysis have different view... I use 3 indicators : 1) EMA Indicators with BUY SELL Signal (TURTLE) Rule #1 : Ignore BUY signal if Price below EMA50. Better if Price above EMA200 and EMA50. 2) Force Index with Fast Turtle and Stochastic (FiFT) Rule #2 : ONLY BUY when FiFT is GREEN (Buyer in Control). 3) ATOM Bollinger (ATOM) Rule #3 : Optional. However. it's better if there is ATOM Buy signal prior to TUTLE buy signal (1) .
MYX:JAKSEducation
by kgiap123
6
{SWC} Jaks, Reversal of Trend?Thankyou for your continued support! Strategy: Price-Volume Analysis Bias: Bullish. After experiencing of steep decline due to bad market sentiment secondary to bad global market sentiment and politic instability, today Jaks has made a come back with a big green bar, after hitting the low of 1.19. If the momentum able to sustain, SWC believes there will be a positive price movement in near term. Resistance: 1.34, 1.36 Support: 1.26, 1.22, 1.18 If you find this idea helpful, kindly like and comment! Goodluck!
MYX:JAKSLong
by ShareWorldConsulting
JAKS, Moving Averages in Bullish Formation, Waiting for BreakoutThank you for your continued support :) Strategy: Moving Averages Formation Bias: Bullish As seen in the chart, the Year-Line, Half-Year-Line, and Month-Line are moving in bullish formation, while the price is currently in triangle consolidation above key fibonacci level of the long term trend. Entry: 1.21 Stop-loss: 1.15 1st Target: 1.43 2nd Target: 1.84 Gentle reminder: Plan your trade and trade your plan. Peace out!
MYX:JAKSLong
by ShareWorldConsulting