Kelington Group Bhd (KGB, 0151)

• Share price closed 0.58% higher at RM1.73 on Monday.

• KGB is currently trading at its support level which are derived from its uptrend line. KGB has managed to close above all its moving averages.

• Backed by the upticks in its indicators, KGB is poised to move higher.

• Resistance levels are identified at RM1.79 (R1) and RM1.88 (R2).

• On the flipside, support levels are pegged at RM1.70 (S1) and RM1.65 (S2).

Source: Rakuten Research - 4 Jan 2022