RHB Retail Research
Trading Stocks - KESM Industries
KESM Industries may rebound further after it tested the MYR6.85 support recently. Given that it has formed a long white candle above the 21-day SMA line, this means the bullish sentiment has been enhanced. A positive bias may emerge above the MYR7.20 level, with an exit set below the MYR6.85 threshold. Towards the upside, the immediate resistance is at the MYR7.86 mark. This is followed by the MYR8.15 level.
Source: RHB Securities Research - 7 Oct 2019
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