• KERJAYA closed 3.36% higher at RM1.23 last Friday.
• KERJAYA has formed a bullish engulfing last Friday and managed to stay above all its key moving average (MA). As the MA 20 has started to cross above the MA 50, there is a high possibility for the stock to trend higher. There was also uptick in RSI and bullish signal shown in MACD indicator.
• Hence, resistance levels are identified at RM1.25 (R1) and RM1.33 (R2).
• On the contrary, support levels are pegged at RM1.19 (S1) and RM1.15 (S2).
Source: Rakuten Research - 6 Sept 2021
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Created by rakutentrade | Aug 23, 2024