RHB Retail Research
Technical Analysis - Kelington Group
Kelington Group may trend higher after it formed a white candle and breached above the MYR0.90 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR0.90 level, with an exit set below the MYR0.83 mark. Towards the upside, the immediate resistance is at MYR1.00. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 7 Sept 2018
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