Rakuten Trade Research Reports

Technical View - Kumpulan Powernet Bhd KPOWER (7130)

rakutentrade
Publish date: Thu, 05 Sep 2019, 06:34 PM
rakutentrade
0 2,152
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Kumpulan Powernet Bhd (7130)

  • KPOWER surged 13.6% or 11 sen to RM0.92 yesterday.
  • KPOWER closed with a long bullish white candle coupled with higher-than-average trading volume yesterday. With the recent entry of new shareholder and management team, this could be turning point for the loss-making company. Key momentum indicators flashing an upward bias and MACD is also displaying positive state and may see it re-test new high.
  • From here, resistance levels are expected at RM0.94 (R1) and further to RM0.96 (R2).
  • On the flip slide, support levels are found at RM0.78 (S1) and RM0.745 (S2).

Source: Rakuten Research - 5 Sept 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment