LogisticTrend

Technical Review–KGW Group Berhad (0282)

HosayLiu
Publish date: Thu, 08 Aug 2024, 07:23 PM

Support: RM0.230

Resistance: RM0.250, RM0.280

Sea freight specialist KGW Group Berhad remains strong in share price despite selldown during Asia’s market crash. We see this as a healthy signal of accumulation (as demonstrated by the yellow line in the bottom chart) for KGW due to their improving fundamentals. Moving forward, we expect KGW to continue challenge the RM0.280 resistance level, supported by the strong EMA trend of the company.

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