Kerjaya Prospek Property may undergo a technical breakout, after hitting a strong support level. The counter has charted a candlestick with a long lower shadow, ie a rejection from the support level. If it crosses above the MYR0.86 resistance, a bullish bias will emerge. The counter may climb towards MYR0.895, followed by MYR0.93. Conversely, falling below the MYR0.81 support will put the bears back in the driver’s seat.

Source: RHB Securities Research - 5 Aug 2024