AmInvest Research Reports

Stock on Radar - Kerjaya Prospek Group (KERJAYA PROSPEK GROUP)

AmInvest
Publish date: Fri, 29 Nov 2024, 09:22 AM
AmInvest
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Kerjaya Prospek Group (KERJAYA PROSPEK GROUP | 7161)

Last Price: RM2.31 | Technical Call: BUY

Technical chart: KERJAYA PROSPEK GROUP

Support 1: RM2.20Resistance 1: RM2.50
Support 2: RM2.05Resistance 2: RM2.70
Shariah Compliant: YesSector: Construction

Kerjaya Prospek Group may rise higher after it hit a new multi-year high with a long positive candle yesterday. The stock's move above the RM2.20 resistance coupled with its rising EMAs, indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM2.20 level with stop-loss set at RM2.03, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM2.50, followed by RM2.70.

Entry: RM2.20-2.31

Target: RM2.50, RM2.70

Exit: RM2.03

 

Source: AmInvest Research - 29 Nov 2024

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