We expect further upside for KSL Holdings given that it took out the 11-week downtrend line 2 sessions ago. The stock is pushing near its 52-week high, supported by its rising EMAs, and this likely indicates that an upward momentum may be picking up. A bullish bias may emerge above the RM1.14 level, with a stop-loss set at RM1.02, below the 1 Nov low. Towards the upside, the near-term resistance level is seen at RM1.30, followed by RM1.40.
Entry : RM1.14–1.16
Target : RM1.30, RM1.40
Exit : RM1.02
Source: AmInvest Research - 17 Nov 2023
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Created by AmInvest | Nov 21, 2024