KPJ Healthcare’s upward momentum may have returned after it recently rose above the 21-day SMA line. As the stock is trading above the uptrend line drawn in the chart, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.08 level, with an exit set below the MYR1.08 threshold. Towards the upside, the near-term resistance is at MYR1.20. This is followed by the MYR1.30 level.

Source: RHB Securities Research - 4 Sept 2018