Kerjaya Prospek Group is moving higher, testing the RM1.00 resistance level. With its RSI indicator in an uptrend, coupled with a higher high candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.04 and RM1.05. The downside support is projected at RM0.965. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM1.00

Target: RM1.04, RM1.05 (time frame: 2-4 weeks)

Exit: RM0.965

Source: AmInvest Research - 8 Feb 2021