RHB Retail Research
Trading Stocks - KPower
KPower attempted a breakout from its multi-session consolidation phase, which is taking place around the 21–day SMA line. This consolidation set in following its recent rebound. A rebound extension would be confirmed if the stock is able to cross above MYR2.25, while the subsequent resistance levels are set to appear at MYR2.35 and MYR2.50. A downside breach of MYR2.15 would nullify this positive price setup.
Source: RHB Securities Research - 15 Mar 2021
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