Kimlun Corporation surged and touched the RM0.97 resistance level. With its 21-day moving average indicator pointing upwards, coupled with a bullish engulfing candlestick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.01, followed by RM1.02. The downside support is marked at RM0.925. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.97
Target: RM1.01, RM1.02 (time frame: 2-4 weeks)
Exit: RM0.925
Source: AmInvest Research - 22 Apr 2021
Chart | Stock Name | Last | Change | Volume |
---|
Created by AmInvest | Jul 26, 2024