Kerjaya Prospek Property is resuming the upside movement after climbing above the resistance on strong volume. We observed the counter scaling beyond the 21-day SMA line and closing above the MYR0.84 resistance. The bullish breakout, coupled with high volume, suggests a strong bullish momentum is underway. The counter is eyeing to test the next resistance pegged at MYR0.90 and followed by the MYR0.95 level. On the flipside, falling below the MYR0.80 support kicks off the correction phase.

Source: RHB Securities Research - 4 Jun 2024