RHB Retail Research
Trading Stocks - KKB Engineering
KKB Engineering formed a long white candle, indicating that the momentum of buying could be strong. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR1.40 level, with an exit set below the MYR1.29 threshold. Towards the upside, the immediate resistance is at MYR1.50. This is followed by the MYR1.60 level.
Source: RHB Securities Research - 8 Aug 2019
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