AmInvest Research Reports

Stock on Radar - Kelington Group

Publish date: Fri, 01 Mar 2024, 10:10 AM
0 8,750
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Kelington Group may rise higher after it formed a long white candle and hit a new multi-year high yesterday. The stock’s move above the RM2.50 resistance coupled with rising EMAs indicate that the near term upward momentum may persist. A bullish bias may emerge above the RM2.50 level with stop-loss set at RM2.33, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM2.80, followed by RM3.00.

Entry : RM2.50–2.55

Target : RM2.80, RM3.00

Exit : RM2.33

Source: AmInvest Research - 1 Mar 2024

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