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Author: AmInvest   |   Latest post: Thu, 12 Dec 2019, 11:00 AM

 

Stocks on Radar - Kelington Group (0151)

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Kelington Group shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM1.32. If this happens, its short-term target price will be RM1.38 followed by RM1.41. Support price is anticipated at RM1.27, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.32

Target: RM1.38, RM1.41 (time frame: 3-6 weeks)

Exit: RM1.27

Source: AmInvest Research - 19 Sept 2019

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Labels: KGB

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