We believe the buying interest for Kerjaya Prospek Group is back after it pushed out from the 1-week bullish flag pattern a few sessions ago. The stock’s move above the RM2.00 resistance coupled with rising EMAs indicate that the near term bullish trend may persist. A bullish bias may emerge above the RM2.00 level with stop-loss set at RM1.84, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.30, followed by RM2.40.

Entry : RM2.00–2.07

Target : RM2.30, RM2.40

Exit : RM1.84

Source: AmInvest Research - 17 Jul 2024