AmInvest Research Reports

Stock on Radar - Kelington Group (KGB)

AmInvest
Publish date: Mon, 18 Nov 2024, 09:24 AM
AmInvest
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Kelington Group (KGB | 0151)

Last Price: RM3.39 | Technical Call: BUY

Technical chart: KGB

Support 1: RM3.20Resistance 1: RM3.70
Support 2: RM3.00Resistance 2: RM4.00
Shariah Compliant: YesSector: Industrial

Kelington Group may trend higher after it surged above the RM3.20 resistance with a long positive candle two sessions ago.

As the 20-day and 50-day EMAs have confirmed their bullish crossover last week, upward momentum may be present now. A bullish bias may emerge above the RM3.20 level with stop-loss set at RM2.98, below the 50-day EMA. Towards the upside, near- term resistance level is seen at RM3.70, followed by RM4.00.

Entry: RM3.20-3.39

Target: RM3.70, RM4.00

Exit: RM2.98

 

Source: AmInvest Research - 18 Nov 2024

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