AmInvest Research Reports

Stocks on Radar - Kein Hing International

AmInvest
Publish date: Tue, 11 Oct 2022, 09:39 AM
AmInvest
0 8,766
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

Kein Hing International may trend higher after it surged to a new 52-week high and closed above the RM1.20 resistance on Friday. Given that the stock has broken out from the 2-week bullish flag formation as well, the resumption of its previous uptrend may be taking place now. A bullish bias may emerge above the RM1.20 level, with a stop-loss set at RM1.11, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.35, followed by RM1.40.

Entry : RM1.20–1.24

Target : RM1.35, RM1.40

Exit : RM1.11

 

Source: AmInvest Research - 11 Oct 2022

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment