KKB Engineering’s price is in the midst of a sideways consolidation between the MYR1.67 and MYR1.78 levels, with buying pressure observed yesterday above the support level. If it manages to move past the MYR1.78 immediate resistance, the stock’s price may climb higher towards the MYR1.84 recent high, followed by the MYR1.91 next resistance. However, if the price falls below the MYR1.67 support, this signals the reversal of the trend.

Source: RHB Securities Research - 20 Feb 2024