Kronologi Asia Bhd (KRONO, 0176)

• KRONO closed 1.5% higher at RM0.665 on Tuesday.
• KRONO is slowly climbing along its uptrend line. KRONO also managed to stay above the crossover of its MA20 and MA50.
• Buying momentum is set to resume along with higher trading volume accompanied by upticks in indicators, hence KRONO is poised to move higher.
• Resistance levels are identified at RM0.700 (R1) and RM0.725 (R2).
• On the flipside, support levels are pegged at RM0.655 (S1) and RM0.625 (S2).

Source: Rakuten Research - 17 Sept 2021