KPower consolidated and tested the RM1.91 resistance level. With its RSI indicator moving upward, we see a possibility for a technical rebound. If this happens, we expect it to move towards the short-term target prices of RM2.04 and RM2.10. The downside support is projected at RM1.72. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM1.91
Target: RM2.04, RM2.10 (time frame: 2-4 weeks)
Exit: RM1.72
Source: AmInvest Research - 2 Apr 2021
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Created by AmInvest | Nov 25, 2024
Created by AmInvest | Nov 21, 2024