AmInvest Research Reports

Author: AmInvest   |   Latest post: Mon, 20 Jan 2020, 10:04 AM


Stocks on Radar - Kerjaya Prospek Group (7161)

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Kerjaya Prospek Group broke past the resistance price of RM1.38 in the recent session. With the momentum indicator RSI above 65%, it may continue to move towards the short-term target price of RM1.48 followed by RM1.54. If it dips below RM1.38, expect a sideway consolidation again. In this case, support price is anticipated at RM1.33, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.38

Target: RM1.48, RM1.54 (time frame: 3-6 weeks)

Exit: RM1.33

Source: AmInvest Research - 2 Jul 2019

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