KPJ Healthcare may trend higher after it breached above the downtrend line drawn in the chart. Given that it has formed a positive candle for the third consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.07 level, with an exit set below the MYR1.01 threshold. Towards the upside, the near-term resistance is at MYR1.15. This is followed by the MYR1.20 level.

Source: RHB Securities Research - 8 Nov 2018