RHB Retail Research
Trading Stocks - KESM Industries
KESM Industries may rise higher after posting a long white candle and hitting its 2-month high. As the stock recently climbed above the 21-day SMA line, this indicates a positive sign. A bullish bias may emerge above the MYR7.50 level, with an exit set below the MYR7.00 threshold. Towards the upside, the immediate resistance is at MYR8.22. This is followed by the MYR8.78 level.
Source: RHB Securities Research - 8 Jul 2019
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