Ticker 1

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Monday, 18 November 2019

JAKS Resources (KLSE: 4723): 18 November 2019

JAKS Resources (KLSE: 4723):
18 November 2019
(Click on the Technical Chart Above to Expand)

Attached is the updated Technicals on JAKS Resources (KLSE: 4723).
It has formed a massive accumulation and re-accumulation of TRIPLE BOTTOM / INVERSE SHOULDER-HEADER-SHOULDER. The accumulation and re-accumulation is done by extreme shakeout of weak holders (characteristics of triple bottom and inverse shoulder-head-shoulder). Based on technical price structure, the projected price action is illustrated in black. Resistances will break and supports will hold.
Bullish Biased on this power supply utility company

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

No comments:

Post a Comment