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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 21 Feb 2020, 9:47 AM

 

Stocks on Radar - Kelington Group (0151)

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Kelington Group may soon test the RM0.935 resistance level. With a rising RSI, a bullish bias may be present above this mark with a short-term target price of RM1.45 and RM1.50. Meanwhile, it may continue moving sideways if it fails to close above the RM1.40 mark in the near term. In this case, the downside support is anticipated at RM1.35, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.40

Target: RM1.45, RM1.50 (time frame: 3-6 weeks)

Exit: RM1.35

Source: AmInvest Research - 24 Jan 2020

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Labels: KGB

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