KHPT is eyeing to extend the technical rebound, testing the immediate resistance on strong volume. The stock has printed a long white candlestick, showing that the bullish momentum is gaining traction now. If it breaks above the MYR0.22 resistance, a bullish bias will emerge. In this case, the counter will climb towards MYR0.245, followed by MYR0.27. On the flipside, if it falls below the MYR0.19 support, this will dent market sentiment and resume the correction phase.

Source: RHB Securities Research - 22 Oct 2024