Technical Stockpick - Kerjaya Prospek Group Berhad
Mon, 13-Jan-2025 06:55 am
by Amir Hamdan • Apex Research

KERJAYA (7161)
Last Price (RM)
2.30
Resistance (RM)
R1 — 2.50 / R2 — 2,60
Support (RM)
S1 — 2.23

Technical Commentary: 

After bottoming out in mid-September, price staged a sharp rally and the uptrend formation was established. Price experienced a mild correction and stabilised above EMA120 since peaking in mid-December before re-claiming EMA9 lately. Following the mild pullback, traders may anticipate for a potential bullish pennant breakout above RM2.38 to target the next resistances located at RM2.50-RM2.60. Downside wise, support is envisaged at RM2.23.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.373243 4.414705
EUR 4.565507 4.577376
CNY 0.602867 0.604630
HKD 0.561419 0.566456
SGD 3.236779 3.265133