RHB Retail Research
Technical Analysis - Kumpulan Perangsang Selangor
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Kumpulan Perangsang Selangor may climb higher after posting a long white candle and hitting its new 52-week high. Since the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR1.68 level, with an exit set below the MYR1.52 threshold. Towards the upside, the near-term resistance is at MYR1.80. This is followed by the MYR1.90 level.
Source: RHB Securities Research - 25 Jun 2018
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