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Welcome To An Intriguing Summer As We Witness Another Wave Of Turbulence (verion 2)
 
Malaysia

KPJ
 

In the midst of the gloomy outlook of most stocks, a stock is buckling against the sluggish condition of the general market. KPJ has managed to stage a strong fight and trades back up above the 50-day moving average, a sign of upside revival. An interesting observation to note is the bullish crossover signal seen in the Stochastic oscillator which suggests that upside momentum is building up. Given such positive elements, KPJ looks set to see an upside push to test the immediate resistance at RM 2.98 and a break above it may set sight on RM 3.10 next. However a violation below the key support at RM 2.73 may damage the bullish tone to see a sell-off towards the next support at RM 2.50.

 
 
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