KUALA LUMPUR (June 5): RHB Retail Research said JAKS Resources Bhd is showing signs of staging a rebound following the recent sharp retracement that saw its share price reach a low of 82.5 sen.

In a trading stocks note today, the research house said a positive bias may emerge above 89 sen with resistance points pegged at 94.5 sen, followed by RM1.00.

“A stop-loss can be placed below 89 sen,” it said.