Kawan Renergy (KENERGY | 0307)
Last Price: RM0.955 | Technical Call: BUY
Support 1: RM0.90 | Resistance 1: RM1.00 |
Support 2: RM0.83 | Resistance 2: RM1.10 |
Shariah Compliant: Yes | Sector: Industrial |
Kawan Renergy may rise higher after it broke above the RM0.90 resistance with a long positive candle yesterday. With the bullish hammer pattern coming off the rising 50-day EMA, additional strength may be present in the coming sessions. A bullish bias may emerge above the RM0.90 level with stop-loss set at RM0.82, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.00, followed by RM1.10.
Entry: RM0.90-0.955
Target: RM1.00, RM1.10
Exit: RM0.82
Source: AmInvest Research - 24 Jan 2025
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Created by AmInvest | Jan 24, 2025