Stock Code : 4723
Price : RM 0.55 (11th February 2015)
Target Price : RM 0.75 (35% upside, or 20 cents)
Jaks is rising up along with momentum, with saw MA20 crossing the MA50 along with reasonable volume. Although RSI had remained in the bullish range, it had been showing some divergence of falling back in the coming days. However, the outlook for Jaks in a short term outlook is uptrend
According to Elliot 5 Waves analysis, Jaks might had climbed on the 3rd wave and currently is consolidating at the 4th wave now. Jaks will possibly see a final 5th wave.
Price Target : 1st - RM 0.65
2nd - RM 0.75
Reference News
1. Jaks awarded RM 55.3 million Langat 2 supply and installation pipe jobs
2. Jaks strong contender for Langat 2 supply pipes and installation
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