Kumpulan Powernet tested the MYR2.16 resistance mark. An upside breach of this level could suggest its rebound, which resumed after it recently tested the MYR2.07 (near the rising 21-day SMA line), is resuming. Subsequent resistance marks are at MYR2.30, followed by MYR2.50. A stop-loss can be set below MYR2.07.
Source: RHB Securities Research - 17 Jun 2020