RHB Retail Research

Trading Stocks - Kelington Group

rhboskres
Publish date: Mon, 22 Apr 2019, 08:53 AM
rhboskres
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RHB Retail Research

Kelington Group may climb higher after posting a white candle and hitting its new 52-week high. Since the 21-day SMA line will likely begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR1.34 level, with an exit set below the MYR1.27 threshold. Towards the upside, the near-term resistance is at MYR1.45. This is followed by the MYR1.50 level.

Source: RHB Securities Research - 22 Apr 2019

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