RHB Investment Bank Bhd (RHB Research) has identified Kerjaya Prospek Group Bhd and Sime Darby Property Bhd as key stock picks for the day, with both counters showing strong bullish potential based on technical analysis.

Kerjaya Prospek appears to be continuing its upward momentum after breaking a key resistance level, closing above RM2.00 with solid trading volume. RHB Research notes that the formation of a long white candlestick signifies strengthening bullish momentum. If this trend persists, the stock may test the next resistance levels at RM2.20 and RM2.35. However, should it drop below the RM1.88 support, this would negate the bullish setup.

Similarly, Sime Darby Property is attempting a bullish breakout, currently testing the RM1.55 resistance on high trading volume. RHB Research observes that the stock has been consolidating below this level, but the upward slope of the 21-day simple moving average (SMA) indicates a bullish short-term trend. A successful breach of this resistance could push the stock towards RM1.70, with RM1.80 as the next target. On the downside, a fall below RM1.43 may trigger a bearish shift.

Investors are advised to keep an eye on these levels, as both stocks show strong potential for near-term gains.