Kronologi Asia Bhd

• Share price closed flat at RM0.40 on Tuesday.

• KRONO has entered into a consolidation phase after reaching a four-month peak of RM0.495. Share price is showing signs of bottoming out at current level indicating a potential reversal of the downtrend. It is currently pending a breakout from its flag formation, having reached its one-month low at RM0.395 before closing at current price.

• Potential upside towards the RM0.425 to RM0.435 range upon a successful breakout above the immediate resistance at EMA 50 line (RM0.42).

• On the downside, stop-loss is set at RM0.385.

Source: Rakuten Research - 1 Nov 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo