Recalled that we placed a “Trading Buy” on MKH in 19 March 2015 after the share price broke out from its 50-day SMA level. However, the share price had failed to perform to expectations and instead consolidated to below its immediate support level of RM2.74. Key indicators are suggesting that the share price could consolidate further with MACD heading south while Stochastic had dived into oversold region. As the share price had met our stop-loss level, we are taking this opportunity to exit our position.

Source: Kenanga