Kerjaya Prospek Group broke out from a 3-week bullish pennant pattern yesterday, implying that its previous uptrend may have resumed. The stock is pushing near a 52-week high, which supported by its rising EMAs, likely indicates that the upward momentum may be picking up. A bullish bias may emerge above the RM1.35 level, with stop-loss set at RM1.28, below the 50- day EMA. Towards the upside, near-term resistance level is seen at RM1.50, followed by RM1.60.

Entry : RM1.35–1.42

Target : RM1.50, RM1.60

Exit : RM1.28

Source: AmInvest Research - 26 Oct 2023