RHB Investment Research Reports

Trading Stock - Kerjaya Prospek Group

Publish date: Tue, 31 Jan 2023, 10:34 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Kerjaya Prospek Group is poised to resume its uptrend as it has been trading sideways above the 21-day average line on lower volume. If it manages to jump above the consolidation phase of MYR1.24, the renewed bullish momentum is expected to persist towards MYR1.30 or 28 Oct 2021’s high, followed by MYR1.42, or Apr 2021’s high. However, the counter may move downwards if it drops below the MYR1.19 support, as it heads to trade below the short-term average line besides forming a “lower low” bearish pattern.

Source: RHB Securities Research - 31 Jan 2023

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