Rakuten Trade Research Reports
Technical View - Kerjaya Prospek Group Bhd (KERJAYA, 7161)
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Publish date: Sun, 18 Jul 2021, 03:10 PM
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Email: customerservice@rakutentrade.my
• KERJAYA closed 2.4% or 3 sen higher to RM1.26 yesterday.
• From the chart, KERJAYA is currently testing key resistance level of RM1.26. Supported by yesterday’s positive closing at intra-day high along with encouraging volume, we believe KERJAYA is on the verge of forming a resistance breakout from current level.
• As such, resistance levels are identified at RM1.30 (R1) and next at RM1.36 (R2).
• For downside, support levels are expected at RM1.21 (S1) and RM1.16 (S2).
Source: Rakuten Research - 18 Jul 2021
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