Kelington Group rebounded above the RM1.14 level after gapping down during the opening bell. With a healthy RSI level, it may move higher above this mark with a target price of RM1.28. Meanwhile, it may drift sideways if it falls back below the RM1.14 mark in the near term. In this case, support is anticipated at RM1.06, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM1.14

Target: RM1.28 (time frame: 3-6 weeks)

Exit: RM1.06

Source: AmInvest Research - 12 Oct 2018