Kelington Group surged past the resistance price of RM1.34 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM1.44, followed by RM1.52. If it dips below RM1.34, it will move sideways and consolidate. The support price is anticipated at RM1.30 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.34

Target: RM1.44, RM1.52 (time frame: 3-6 weeks)

Exit: RM1.30

Source: AmInvest Research - 21 Oct 2019