KESM Industries formed a long white candle, indicating that the momentum of buying could be strong. In view that the 21- day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. A bullish bias may emerge above the MYR7.75 level, with an exit set below the MYR7.30 threshold. Towards the upside, the immediate resistance is at MYR8.55. This is followed by the MYR9.00 level.
Source: RHB Securities Research - 22 Oct 2019
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Created by rhboskres | Aug 26, 2024