Kelington Group broke past the resistance price of RM1.31 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM1.41 followed by RM1.50. If it dips below RM1.31, expect a sideway consolidation again. In this case, support price is anticipated at RM1.22, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on rebound above RM1.31

Target: RM1.41, RM1.50 (time frame: 3-6 weeks)

Exit: RM1.22

Source: AmInvest Research - 11 Apr 2019