Kelington Group Bhd (KGB, 0151)

• Share price closed 4.4% higher at RM1.67 on Wednesday.

• KGB has just broken out higher from its symmetrical triangle pattern and managed to close above all its key moving averages yesterday.

• Coupled with long term uptrend seen and upticks in its indicators, share price is poised to move higher.

• Resistance levels are identified at RM1.75 (R1) and RM1.88 (R2).

• On the flipside, support levels are pegged at RM1.65 (S1) and RM1.55 (S2).

Source: Rakuten Research - 9 Dec 2021