RHB Retail Research
Trading Stocks - Kumpulan Powernet
Kumpulan Powernet staged a technical breakout, and rose higher to test the immediate resistance level of MYR3.32. We think that it may soon break out from the consolidation zone to extend its upward move. If it breaks above the resistance of MYR3.32, the next resistance level will be MYR3.52, followed by MYR3.70. Meanwhile, a downward breach of the MYR3.11 support should cancel this expectation.
Source: RHB Securities Research - 15 Oct 2020
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