Bornin63
Trend Tracker: Kinergy Advancement (0193)
Kinergy Advancement (KLSE: KAB, 0193) is approaching its first support turned resistance at RM0.350 (R1) for the past week. With a multiple test on the support level of RM0.335 (S1), coupled with healthy volume of approximately 0.25% of the total share base traded, we expect KAB to be able to break R1, and re-approach RM0.365 (R2) over the short term. We see KAB as a good TRADING BUY based on the current share price momentum.
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