Kelington Group

Kelington Group’s buying momentum may have returned after the stock climbed above the downtrend line drawn in the chart. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR0.80 level, with an exit set below the MYR0.73 threshold. To the upside, the immediate resistance is at MYR0.90. This is followed by the MYR1.00 level.

Source: RHB Securities Research - 18 Jun 2018