Possible for sideways breakout. KAB is staging a potential breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.440 be broken, it may continue to lift price higher to the next resistance level of RM0.470.
However, failure to hold on to support level of RM0.375 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 10 Mar 2022
Chart | Stock Name | Last | Change | Volume |
---|
Created by PublicInvest | Apr 22, 2024