Kelington Group Bhd (KGB, 0151)
• Share price closed 1.53% higher at RM1.32 on Monday.
• KGB is pending breakout from its flag formation. It has been trading near all its key moving average lines recently with decent trading interest. In view of the tremendously y-o-y increase in the 9MFY22 result announced coupled with bullish indicators, share price is expected to trend higher.
• Resistance levels are identified at RM1.38 (R1) and RM1.44 (R2).
• On the flipside, support levels are pegged at RM1.27 (S1) and RM1.21 (S2).
Source: Rakuten Research - 22 Nov 2022
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Created by rakutentrade | Nov 22, 2024