AmInvest Research Reports

Stock on Radar - Kelington Group

Publish date: Fri, 10 Feb 2023, 09:32 AM
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Kelington Group broke out from its 1-month bullish rectangle pattern two sessions ago, implying that its previous uptrend may have resumed. With its 20-day and 50-day EMAs starting to trend higher again, additional upside strength may be present in the near term. A bullish bias may emerge above the RM1.60 level, with a stop-loss set at RM1.48, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.70, followed by RM1.80.

Entry : RM1.60–1.65

Target : RM1.70, RM1.80

Exit : RM1.48

Source: AmInvest Research - 10 Feb 2023

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