Kerjaya Prospek Group is set to resume its uptrend rebound after reclaiming above the MYR1.16 breakout level yesterday on higher trading volume. If the breakout sustains, on the back of a “higher high” bullish pattern, the stock may climb towards the MYR1.23 resistance, followed by the MYR1.30 mark. However, falling below the MYR1.12 support would indicate a downtrend, as it forms a “lower low” bearish pattern, trading below the 21-day SMA line.

Source: RHB Securities Research - 15 Aug 2023