RHB Retail Research
Technical Analysis - Kelington Group
Kelington Group may rebound higher after forming a "Hammer" pattern in its latest trade. Given that the stock has tested the MYR1.06 support lately, this indicates a positive sign. A bullish bias may appear above the MYR1.10 level, with an exit set below the MYR1.06 threshold. Towards the upside, the near-term resistance is at MYR1.20. This is followed by the MYR1.27 level.
Source: RHB Securities Research - 31 Oct 2018
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