AmInvest Research Reports

Stock on Radar - KSL Holdings

AmInvest
Publish date: Fri, 12 Apr 2024, 10:43 AM
AmInvest
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KSL Holdings may trend higher after it surged to a new multi-year high and closed above the RM1.64 resistance a few sessions ago. In view that the 21-day EMA will likely begin turning upwards, this also suggests a likelihood of increased demand in the near term. A bullish bias may emerge above the RM1.64 level with stop-loss set at RM1.55, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.90, followed by RM2.00.

Entry : RM1.64–1.76

Target : RM1.90, RM2.00

Exit : RM1.55

Source: AmInvest Research - 12 Apr 2024

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