Rakuten Trade Research Reports

Technical View - Kelington Group Bhd (KGB, 0151)

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Publish date: Wed, 02 Jun 2021, 12:13 PM
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Kelington Group Bhd (KGB, 0151)

• KGB closed 0.99% or 2 sen higher to RM2.05 yesterday.

• KGB showed signs of rebounding after touching a recent low of RM1.84 as share price has been rising gradually and is now above short-term moving average line.
  With MACD turning positive, this could suggest opportunity to accumulate for higher upside.

• From here, resistance levels are expected at RM2.15 (R1) and next at RM2.48 (R2).

• Conversely, support levels are seen at RM1.84(S1) and RM1.70 (S2).

Source: Rakuten Research - 2 Jun 2021

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