Unique Fire Holdings is set to propel north, as it breached above the MYR0.23 resistance recently, followed by a pullback above that level – forming a “higher high” and “higher low” bullish structure above the 21-day average line.
If it manages to stay above that mark, the bulls should lift the stock towards the MYR0.25, then the historical high of MYR0.285 (also 21 Dec 2022’s high).
Conversely, the counter may reverse its direction if it falls below the MYR0.21 support, forming a “lower low” bearish structure below the average line.
Kerjaya Prospek Group is poised to resume its uptrend as it has been trading sideways above the 21-day average line on lower volume.
RHB Retail Research stated if it manages to jump above the consolidation phase of MYR1.24, the renewed bullish momentum is expected to persist towards MYR1.30 or 28 Oct 2021’s high, followed by MYR1.42, or Apr 2021’s high.
However, the counter may move downwards if it drops below the MYR1.19 support, as it heads to trade below the short-term average line besides forming a “lower low” bearish pattern.
