KPOWER

Sector: Solar PV

Without much introduction needed, KPOWER has been one of the recent highlights due to its major shareholder affiliation with another company in recent news. KPOWER plunged to a low of RM0.625 before rebounding strongly to close at RM0.92 last Friday. Volume was significantly higher, as the steep discount in its share price could have drawn attention of swing traders. 

Assuming it has found its low at RM0.625, according to Fibonacci retracement levels, KPOWER might meet its next resistance at RM1.18.

The recent uncertainty of its major shareholder affiliated company is a critical factor if KPOWER can continue its rebound. Investors should exercise cautious without understanding the entire issue and only take calculated risks.

Reason to Monitor: Active traded stock

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NOTT INVEST 

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