Yesterday, MKH surged 32.0 sen (+7.96%) to settle at RM4.34 with strong trading volume. Chart-wise, MKH has recently broken out from its “symmetrical triangle” chart pattern's resistance level with a “Marubozu” candle-stick. The MACD indicator has also staged a bullish divergence, suggesting a bullish outlook ahead. Key indicators (Stochastic and RSI) are also hooking upwards, lending a hand on the bullish bias. With follow through buying interest, we suggest traders to take profit at RM4.85, or 3 bids below our measurement objective of RM4.88, while placing a strict stop-loss at RM4.07, or 3 bids below RM4.10 (S1) support level.

 

Source: Kenanga