Tuesday, January 26, 2021

Technical Analysis Jan 2021: KPOWER (BURSA: 7130)



KPOWER BERHAD 

Observation from Chart:- 

KPOWER (BURSA: 7130) retest MA20 & rebound. 

How high will it go? 

Other indicator:- 
MACD trade at positive region, uptrend itinerary. 
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ RM2.89 level.
If able breakout, higher high is confirm. Potential a new wave of uptrend. 

Immediate support @ MA20 level. 
Subsequent support @ RM2.00 level. 

Let's watch closely Disclaimer

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