Rakuten Trade Research Reports
Technical View - KKB Engineering Bhd (KKB, 9466)
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Publish date: Fri, 16 Aug 2019, 09:41 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
KKB Engineering Bhd (9466)
- KKB closed unchanged at RM1.43 yesterday.
- Technically, share price hit its 52-week high at RM1.50 level recently and is trading above all key moving averages, signalling a strong buying momentum. Following the announcement of positive financial results, we expect the uptrend to continue, pushing share price to higher level.
- From here, should it break RM1.50 (R1) level, we expect next resistance level at RM1.60 (R2).
- Conversely, support levels are identified at RM1.34 (S1) and RM1.29 (S2).
Source: Rakuten Research - 16 Aug 2019
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