Kelington Group is attempting to stage a rebound as it bounced off strongly from the support while moving towards the immediate resistance of MYR1.18 yesterday. If it breaches above that level – which is also above the 21-day average line – the stock may climb further towards the MYR1.25 mark or 8 Jun’s high, followed by MYR1.30. If it falls below the support level of MYR1.10, the stock may trend downwards, forming a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 22 Jun 2022