RHB Retail Research
Technical Analysis - Kelington Group
Kelington Group’s buying momentum may have returned after it rose above the 21-day SMA line. The upside move may persist after it breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR1.17 level, with an exit set below the MYR1.06 threshold. Towards the upside, the near-term resistance is at MYR1.28. This is followed by the MYR1.40 level.
Source: RHB Securities Research - 9 Nov 2018
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