RHB Retail Research
Technical Analysis - KESM Industries
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KESM Industries may move higher after it tested the MYR15.00 support recently. The upward momentum would likely continue, since it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR17.50 level, with an exit set below the MYR15.00 threshold. Towards the upside, the near-term resistance is at MYR19.00. This is followed by the MYR20.80 level.
Source: RHB Securities Research - 12 Jun 2018
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