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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).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....