Kumpulan Perangsang Selangor (KPS) consolidated and is poised to touch the RM0.875 resistance level. With its higher low candle stick pattern, coupled with sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.905, followed by RM0.92. The downside support is marked at RM0.83. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.875

Target: RM0.905, RM0.92 (time frame: 2–4 weeks)

Exit: RM0.83

Source: AmInvest Research - 8 Jul 2021