Kelington Group is poised to stage a technical rebound after finding a crucial support level. The counter printed a Hammer pattern near the support yesterday. If it closes above the MYR2.83 resistance level, a bullish bias will emerge. In this case, the counter would extend its rebound towards MYR2.95 followed by MYR3.10. Conversely, a fall below the MYR2.70 support level will resume the correction phase.
Source: RHB Securities Research - 30 Aug 2024
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Created by rhbinvest | Oct 04, 2024