RHB Investment Research Reports
Trading Stocks - Kelington Group
rhbinvest
Publish date: Fri, 30 Aug 2024, 10:44 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
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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
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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