Kim Teck Cheong Consolidated Bhd

• Share price closed 4.17% higher at RM0.25 on Wednesday.

• KTC rebounded from its support level of RM0.23 with decent buying interest. Coupled with its upcoming 3QFY23 financial result announcement, it is pending breakout at RM0.255. MACD had as bullish crossover and indicators are showing uptick momentum thus share price might propel higher.

• Resistance levels are identified at RM0.255 (R1) and RM0.26 (R2).

• On the flipside, support levels are pegged at RM0.23 (S1) and RM0.225 (S2).

Source: Rakuten Research - 25 May 2023

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