KKB jumped by 16 sen (12.0%) to RM1.49 yesterday on the back of a spike in trading volume after releasing a set of positive quarterly results last week (17th Feb 2015) and dividend announcement. Chart-wise, the ‘White Marubozu’ candlestick confirmed buyers' dominance while the share price has already surpassed the 20- day and 50-day SMAs. Key indicators also confirmed the strong buying interest as the the MACD has just crossed over the Signal Line, while RSI and Stochastics are bullish on the uptrend with no signs of slowing down. We expect KKB to be a strong rebound play in light of the bullish momentum after the share dipped to a 5- year's low in Jan-15. With strong buying interest, we reckon that KKB could push towards the 100-day SMA and TP of RM1.71 in the mid-term. Meanwhile, we are placing a stop-loss level at RM1.40 which is a strong support level.

Source: Kenanga