AmInvest Research Reports
Stock on Radar - Kelington Group (KGB)
AmInvest
Publish date: Mon, 25 Nov 2024, 09:16 AM
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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)
Kelington Group (KGB | 0151)
Last Price: RM3.56 | Technical Call: BUY
| Support 1: RM3.50 | Resistance 1: RM4.00 |
| Support 2: RM3.26 | Resistance 2: RM4.20 |
| Shariah Compliant: Yes | Sector: Industrial |
Kelington Group broke out from its 1-week bullish pennant pattern a few candles back, implying that its previous uptrend may have resumed. The stock's move above the RM3.50 resistance coupled with its rising EMAs, indicates that the near term upward momentum may persist. A bullish bias may emerge above the RM3.50 level with stop-loss set at RM3.24, below the 20-day EMA.
Towards the upside, near-term resistance level is seen at RM4.00, followed by RM4.20.
Entry: RM3.50-3.56
Target: RM4.00, RM4.20
Exit: RM3.24
Source: AmInvest Research - 25 Nov 2024
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