• Target Price: RM0.250, RM0.265
• Last closing price: RM0.230
• Potential return: 8.6%, 15.2%
• Support: RM0.220
• Stop Loss: RM0.195

Possible for bottom fishing. Without creating new low, major retracement seemingly made a halt and KTC’s share price is showing sign of recovery. Bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.250 be broken, it may continue to lift price higher to the subsequent resistance level of RM0.265.

However, failure to hold on to support level of RM0.220 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 Oct 2017