Rakuten Trade Research Reports

Technical View - Kerjaya Prospek Group Bhd

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Publish date: Wed, 08 Jun 2022, 05:53 PM
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Kerjaya Prospek Group Bhd (KERJAYA, 7161)

• Share price closed 2.6% higher at RM1.20 on Monday.

• KERJAYA is staging a rounding bottom and formed White Marubozu candlestick yesterday. It started to trade above all key moving averages since yesterday.

• Coupled with upticks in its indicators & MACD bullish signal, share price is expected to continue with its upside momentum.

• Resistance levels are identified at RM1.24 (R1) and RM1.36 (R2).

• On the flipside, support levels are pegged at RM1.17 (S1) and RM1.11 (S2).

Source: Rakuten Research - 8 Jun 2022

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