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KGB closed 3.9% or 5 sen higher to close at RM1.33 yesterday.
Technically, KGB has hit its all-time-high of RM1.35 recently and continues to close above all key moving averages displaying bullish outlook for the stock.
Following the recent contract secured worth RM53m, we expect the rally to persist thereby potentially pushing the price to trend higher.
From here, resistance levels are identified at RM1.34 (R1) and further to RM1.35 (R2).
Conversely, support levels are expected at RM1.27 (S1) and RM1.24 (S2).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4073 views | 4 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....