RHB Retail Research
Trading Stocks - Kpower
Kpower is staging a rebound after it surged above the 21-day SMA line on higher trading volume. A bullish bias emerged above the resistance-turn-support level of MYR1.96. If the rebound extended, it may travel towards the next resistance level pegged at MYR2.21, followed by MYR2.31. Meanwhile, if the support level of MYR1.87 is breached, this expectation would be reversed.
Source: RHB Securities Research - 12 Apr 2021
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