JAKS - Wait for Bullish Breakout

JAKS - 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

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