KPJ Healthcare is set to propel higher after experiencing a technical breakout above MYR1.20 with strong volume yesterday. Coupled with the rising 21-day SMA line, the stock’s price may climb higher towards the MYR1.30 mark, followed by the MYR1.40 level. Towards the downside, a breach below the MYR1.14 support will negate the bullish setup, forming a “lower low” bearish pattern beneath the SMA line.
Source: RHB Securities Research - 25 Oct 2023
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KPJCreated by rhbinvest | Aug 23, 2024