RHB Retail Research
Technical Analysis - Kelington Group
Kelington Group was testing the MYR1.27 level in recent sessions. A bullish bias may be present above this point with a target price of MYR1.35, followed by MYR1.40. The stock may consolidate further if it cannot breach above the MYR1.27 mark decisively in the near term. Support may be found at MYR1.11, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 11 Oct 2018
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