Rakuten Trade Research Reports
Technical View - Kelington Group Bhd (KGB, 0151)
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Publish date: Mon, 19 Aug 2019, 04:19 PM
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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
Kelington Group Bhd (0151)
- KGB closed 3 sen or 2.38% lower to RM1.23 last Friday.
- Share price hit a high of RM1.38 recently before retracing to current level. However, we believe the retracement is healthy as the bullish trendline remains intact and is poised for breakout to retest its recent high.
- As such, resistance levels are expected at RM1.29 (R1) and RM1.35 (R2).
- On the contrary, support levels are found at RM1.19 (S1) and RM1.16 (S2).
Source: Rakuten Research - 19 Aug 2019
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