Possible for sideways breakout. KYM is potentially staging a breakout from itssideways channel, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.455 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.480.
However, failure to hold on to support level of RM0.430 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 16 May 2024
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