KPJ Healthcare is poised to continue its upside movement after breaking past the resistance level with strong volume. The stock printed a white candlestick and closed above the MYR2.20 resistance level, showing that strong bullish momentum is in play. Based on the momentum, the stock may test the next resistance level at MYR2.35, followed by the one at MYR2.50. However, if it falls below the MYR2.05 support level, the bullish setup will be negated.

Source: RHB Securities Research - 18 Nov 2024