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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Tue, 23 Apr 2019, 11:02 AM

 

Technical View - George Kent (Malaysia) Bhd (GKENT, 3204)

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George Kent (Malaysia) Bhd (3204) 

  • GKENT closed 9 sen or 8.1% higher to RM1.20 last Friday.
  • Last Friday's move saw the price closed higher with a bullish long white candle on the back of higher trading volume which is almost 4-fold to its 20-day average volume.
  • From here, we expect buying momentum to continue driven by improving sentiment on construction sector due to potential ECRL revival. • Resistance levels are found at RM1.23 (R1) and further to RM1.41 (R2).
  • Likewise, support levels are expected at RM1.05 (S1) and RM1.02 (S2).

Source: Rakuten Research - 11 Mar 2019

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Labels: GKENT

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Chart Stock Name Last Change Volume 
GKENT 1.36 +0.03 (2.26%) 830,500 

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