AmInvest Research Reports
Stock on Radar - Kim Loong Resources (KMLOONG)
AmInvest
Publish date: Fri, 08 Nov 2024, 10:12 AM
AmInvest
0 9,463
An official blog in I3investor to publish research reports provided by AmInvest research team.
All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Kim Loong Resources (KMLOONG | 5027)
Last Price: RM2.54 | Technical Call: BUY
| Support 1: RM2.45 | Resistance 1: RM2.70 |
| Support 2: RM2.35 | Resistance 2: RM2.80 |
| Shariah Compliant: Yes | Sector: Plantation |
We expect further upside for Kim Loong Resources after it recouped the previous session's losses and reached a new multi- year high yesterday. The stock's move above the RM2.45 resistance coupled with its rising EMAs, indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM2.45 level with stop-loss set at RM2.33, below the 50-day
EMA. Towards the upside, near-term resistance level is seen at RM2.70, followed by RM2.80.
Entry: RM2.45-2.54
Target: RM2.70, RM2.80
Exit: RM2.33
Source: AmInvest Research - 8 Nov 2024
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on AmInvest Research Reports
EQ8 DJ Islamic 25 - Bursa ETF Watch: Upside driven by plantation sector
Created by AmInvest | Dec 20, 2024
Hektar Real Estate Investment Trust - Uplift in revenue and distributional income in FY25
Created by AmInvest | Dec 19, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
Stock Market Enthusiast
Top 3 AI/Data Center Newsflow for the 3rd Week of December - #TENAGA, #YTL, #YTLPOWER
2
Rakuten Trade Research Reports
3
save malaysia!
4
Good Articles to Share
5
Good Articles to Share
World’s largest stablecoin issuer Tether sees US$10b in net profits for 2024
6
Good Articles to Share
Honda and Nissan consider mutual production of vehicles, Kyodo reports
7
Good Articles to Share
8
Good Articles to Share
Economy won’t ‘radically change’ in 2025, strategist predicts
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
