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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

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