Kerjaya Prospek: Momentum Shift & Breakout Watch

In recent sessions, Kerjaya Prospek has shown encouraging signs of a momentum shift. The stock recently climbed above its 21-day simple moving average (SMA), signalling improving trend strength. Notices like this often prompt technical traders to begin scanning for a breakout scenario.

Key technical levels

• Support: MYR 2.55 — A drop below this level would suggest the prior downtrend is resuming.
• Resistance: MYR 2.65 — A decisive break above this level could trigger a fresh upside leg.
• Upside potential: Upon closing above MYR 2.65, the next nearby targets are around MYR 2.75 initially and perhaps as high as MYR 2.85, assuming bullish momentum carries.
• Risk zone: Meanwhile, a slip below MYR 2.55 would invalidate the breakout thesis and likely signal a retest of the recent lows.

Why the breakout scenario is plausible

1. Momentum improving: The break above the 21-day SMA suggests that short-term selling pressure may be easing and momentum buyers are stepping in.
2. Technical setup: The fact that the stock is moving toward a key resistance gives it a clear risk-reward boundary — traders know their stop (below ~2.55) and target (2.75-2.85) relatively well.
3. Fundamental underpinning: On the fundamentals front, Kerjaya Prospek has reported growth in revenue and net profit in recent years, which lends support to a trend change. StockAnalysis+2i3investor+2

What to watch for

• Volume confirmation: For a breakout above 2.65 to be convincing, it should ideally be accompanied by stronger-than-normal volume — indicating genuine buying interest rather than just a short-term pop.
• Retest of breakout level: After a breakout, smart money often watches whether price retests the breakout level (2.65) and holds above it. A successful retest improves the odds of reaching the 2.75-2.85 zone.
• Macro / sector risk: Given that Kerjaya is in the construction / property / manufacturing space, any negative development in the broader sector or tightening of margins could curtail the upside.
• Risk management: If price falls below 2.55, the breakout attempt likely fails and you may want to consider exiting or reassessing positions.

My Bursa Watch View

As part of My Bursa Watch, we’re tracking Kerjaya Prospek as a breakout candidate with solid risk-reward if it can clear and hold above MYR 2.65. We recommend:

• Wait for confirmation of the breakout (e.g., close above 2.65 + higher volume) before entering.
• Set stop-loss near or just below MYR 2.55 to limit downside risk.
• If the breakout confirms, consider partial profits at MYR 2.75 and reassess the move toward MYR 2.85.
• If price fails the breakout (i.e., breaks below 2.55), shift to a defensive posture and possibly avoid re-entry until a new base is formed.

Disclosure: This commentary is for informational / educational purposes only and does not constitute financial advice. Investors should conduct their own due diligence or consult a licensed adviser before making investment decisions.