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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Created by rakutentrade | Nov 22, 2024