We expect further upside in KSL after it broke out from the 2-week bullish pennant pattern yesterday. With the stock posting a long white candle and closing near its 52-week high, the bullish momentum may be present now. A bullish bias may emerge above the RM0.76 level, with a stop-loss set at RM0.71, below the 20-day EMA. On the upside, the near-term resistance level is seen at RM0.82, followed by RM0.85.

Entry : RM0.76–0.78

Target : RM0.82, 0.85

Exit : RM0.71

Source: AmInvest Research - 16 Mar 2022