• Target Price: RM0.320, RM0.335
• Last closing price: RM0.295
• Potential return: 8.4%, 13.5%
• Support: RM0.280
• Stop Loss: RM0.265

Possible for further recovery. K1 is staging a potential breakout from its sideways channel. Corresponding RSI and MACD indicators remain healthy while undergoing consolidation phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.320 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.335.

However, failure to hold on to support level of RM0.280 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 20 May 2021