Kenanga Research & Investment
Highlights / Stock Picks of the Day - KKB Engineering Berhad ("KKB”) – Not Rated
KKB has broken above the “flag” pattern to close at RM2.10 (+13 sen) yesterday. Technically, the candlestick pattern has turned bullish, having formed a bullish “Marubozu” candlestick yesterday on active buying volume. Furthermore, the share price has crossed above the 20-day SMA line which is a positive signal for the stock. Thus, we believe that KKB is poised to extend its gains towards resistance levels RM2.12 and RM2.28 soon. Meanwhile, immediate resistance is located at RM1.97.
Source: Kenanga
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