Rakuten Trade Research Reports

Technical View - Kelington Group Bhd (KGB, 0151)

rakutentrade
Publish date: Thu, 06 Aug 2020, 05:29 PM
rakutentrade
0 1,962
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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 7.7% or 8 sen higher to RM1. 12 yesterday.

• Chart wise, share price has been trading sideways since mid-May and recently it has formed a breakout from the consolidation phase, indicating the resume of buying interest. Coupled with the upticks in key momentum indicator RSI, we expect buying interest to continue and to chart towards the RM1.28 level.

• From here, resistance levels are expected at RM1.28 (R1) and RM1.40 (R2).

• On the contrary, support levels are seen at RM0.98 (S1) and RM0.91 (S2).

Source: Rakuten Research - 6 Aug 2020

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment