KSL Holdings broke out from its 6-week bullish flag pattern yesterday, implying that its previous uptrend may have resumed. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in early August, the buying momentum may persist in the near term. A bullish bias may emerge above the RM1.10 level, with a stop-loss set at RM0.99, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM1.20, followed by RM1.30.

Entry : RM1.10–1.13

Target : RM1.20, RM1.30

Exit : RM0.99

Source: AmInvest Research - 12 Oct 2023