Jaks
Jaks Major Support and Resistance ChartPersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
JAKS Falling Wedge PatternVery strong support at around 615~625 region and RSI is still heavily oversold even after strong technical rebound on last Friday. Need another bullish candle for short term trend reversal confirmation to upside which is high possibility. Overall on downtrend pattern since 30 March.
Resistance to break at 695 and 745.
Disclaimer: Trade at your own risk.
Jaks Major Support and Resistance ChartTechnical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Jaks Losing MomentumFirst I always look at the chart first, identify which market structure we are in?
Personally, I look at Jaks now currently breaking below EMA 20, while hovering around EMA 70, if broken it will head to around MYR 0.56 Support area.
Myr 0.56 Support area for Jaks will be a lower downside risks investment. Currently not suitable for entry while we continue to monitor. Momentum indicator also indicating Jaks losing momentum, Signalling exit!
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.
Kindly follow me more for value investing =) Lets keep learning together!