Chart : Jaskita daily chart as of 14 Aug 2014 (source: ChartNexus)
When I last posted on Robert Tan's staple the other day (GPA & Marco - Tan Sri Robert Tan Hua Choon story may not end yet!), it is my mistake to left out Jaskita. Well, most of the time this counter was traded with little volume thus not really an exciting counter to monitor. May be things will change this time. Yesterday the stock saw some 5 Million shares traded and close 1.5 sen higher. 5 Million might be too little to mention for most of the active stocks but it is certainly significant for thinly traded stock like Jaskita.
Like most of Robert Tan's counters, Jaskita has been rising steadily from around 14 sen to 21 sen yesterday. The immediate horizontal resistance line is 21.5 sen which is just above yesterday closing. Thus I believe there is a high chance that the counter will break the resistance line and probably stage for a good run in next few days. Volume is always the key to breakout so if the counters able to stage a bullish breakout with significant volume then it might be a good buying opportunity. Unlike many active goreng stocks that losing money, Jaskita is actually a fundamental sound company with consistent earning and dividen. Thus it is interesting to see whether the tycoon has any plan for this low profile counter. Stay tune!
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