Kelington Group is poised to extend the bullish trajectory after staging a bullish breakout. The stock has printed a white candlestick and closed above the MYR3.50 resistance, confirming the bullish setup is in play. Riding on the bullish momentum, the counter should extend the upside movement towards MYR3.75, followed by the MYR4 threshold. On the other hand, falling below the MYR3.30 support will dent market sentiment and open the door for correction.

Source: RHB Securities Research - 25 Nov 2024