Kim Loong Resources may rise higher after forming a white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the buying momentum from 21 Nov’s upside gap. A positive bias may emerge above the MYR1.35 level, with an exit set below the MYR1.27 threshold. Towards the upside, the immediate resistance is at the MYR1.45 level, followed by the MYR1.60 threshold.
Source: RHB Securities Research - 26 Nov 2019
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Created by rhboskres | Aug 26, 2024