RHB Investment Research Reports
Trading Stocks - Kimlun Corporation
rhbinvest
Publish date: Tue, 12 Mar 2024, 10:48 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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Kuala Lumpur
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Kimlun Corporation was in the midst of a sideways consolidation with a positive price action, while it was heading towards the MYR0.865 immediate resistance yesterday. If a breakout above that level occurs, the stock may trend upwards towards the MYR0.89 resistance, followed by the next resistance level of MYR0.92, ie the highest point since 17 Nov 2021. On the flip side, falling below the MYR0.815 would trigger a bearish phase.
Source: RHB Securities Research - 12 Mar 2024
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