Kerjaya Prospek Group rebounded from its low to test the RM1.10 resistance level. With an RSI above the threshold of 50%, coupled with a higher lows candlestick pattern, we believe the bullish momentum has resumed. If it breaks out from the resistance level, expect it to travel towards the short-term target price of RM1.14 followed by RM1.19. In this case, the downside support is marked at RM1.03, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.10

Target: RM1.14, RM1.19 (time frame: 2-4 weeks)

Exit: RM1.03

Source: AmInvest Research - 17 Jun 2020