KPS share price has gapped up 5 sen (8.47%) to settle at RM0.64 yesterday with a spike in trading volume. All three SMAs are hooking upwards, laying a hand on a bullish bias. The MACD has crossed over the signal line suggesting that strong buying momentum persists. RSI and Stochastics indicators are also on the uptrend but are in overbought territory. In tandem with the strong showing on trading volume, we expect share price to push towards RM0.70 (R1), and consecutively RM0.75 (R2).
Source: Kenanga