• Target Price: RM0.105, RM0.120
• Last closing price: RM0.090
• Potential return: 16.6%, 33.3%
• Support: RM0.085
• Stop Loss: RM0.075

Possible for further upside. KGROUP is attempting to establish a new uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.100 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.105 and RM0.120.

However, failure to hold on to support level of RM0.085 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 28 Jul 2020