RHB Investment Research Reports
Trading Stocks - KKB Engineering
rhbinvest
Publish date: Tue, 30 Apr 2024, 11:04 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
KKB Engineering may be headed for a technical breakout after climbing strongly and moving towards the immediate resistance of MYR1.85 on a spike in trading volume. If a breakout above that level happens, the bullish momentum may propel the stock towards MYR2, followed by the next resistance point of MYR2.10. However, breaching below the MYR1.70 support would reverse the momentum, as it would be trading below the 21-day SMA line.
Source: RHB Securities Research - 30 Apr 2024
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